Canadian Business Succession Planning Resources Small Business Unplugged

To continue the discussion started "CFIB States 2 Million Jobs To Be Impacted Due to Lack of a Succession Planning" here is a page from the Canada-Ontario Business Service Center on Succession Planning. What is Succession Planning? "For many small business owners, the term "succession planning" can mean the idea of passing along your business to a family member or friend. In reality, succession planning is about finding the right [...] Read More


Succession Planning Requires Time To Plan Small Business Unplugged

I was reading in the Toronto Star that "Being a Millionaire is no longer a big deal. In Canada there are now 232,000. That's a decent-sized city. Add in spouses and children and you've got the better part of a million Canadians living the life of a millionaire, or as many people as in six of our 10 provinces." The number of millionaires in Canada grew at a rate of 7.2 [...] Read More


Book Review: Business and Succession Planning Small Business Unplugged

Back on December 5th I reported that Canadian Accountants Say Two-Thirds SME Business Owners Retire Next Decade: I Say Buy a Business!. I purchased their book on succession planning and got it just before the holidays. I have yet to finish reading the entire book yet can say that overall they have done a good job. As I thought about the process of succession planning or developing an exit strategy and my [...] Read More


Children to Run Business? Biz Plan Hacks

Will your kids be running the company in the future? The Small Business Trends website has six tips for getting children involved with the business. One of the positive things about the list is that they say that you should be supporting your children no matter what they decide. Give them everything they need to be a success whether if it is your business or something they want to do. One [...] Read More


Home Business Planning Software Products Home Based Business

In preparing a business plan, many resources and support services can be taken advantage of; some of these include sources of written information (books, portals, etc.), mentoring programs, trainings, consultancies and electronic planning templates (software). The latter being the most popular these days. A business planning software is a great tool to assist you in creating a business plan, making cash flow forecasting, financial projections, developing a business's strategic plan [...] Read More