CFIB States 2 Million Jobs To Be Impacted Due to Lack of a Succession Planning at Small Business Unplugged

According to a study by Canadian Federation of Independent Business, 40% of small business owners plan to leave their companies within five years, and 70% within the next ten years. Three-quarters of those leaving are planning to retire. The potential impact on the economy is tremendous, with some two million Canadian jobs affected over the next five years. Unfortunately, more than 2/3 of these business owners do not have a succession [...] Read More


Succession Planning Requires Time To Plan at 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


Webinar: Implementing an Effective Succession Process at Small Business Unplugged

I stumbled upon a wonderful resource for leadership. It is the Center for Creative Leadership. On September 21, 2006 from 1-2 PM (ET) they are putting on a webinar, "Implementing an Effective Succession Process". The cost is $50 and will be facilitated by David Berke who is senior faculty member at the San Diego campus at the Center for Creative Leadership. With the number of employees, executives, and mangers retiring in [...] Read More


Children to Run Business? at 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


Lessons to be learned at Biz Plan Hacks

There is a great article in the New York Times about specialty shoe stores and how things are beginning to change in the marketplace. While I have said before that the newspaper takes the most pessimistic approach to sell the newspaper it does have some important things to keep in mind. First of all, even though you have a niche now and you are staying ahead of the competition, you cannot [...] Read More