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A lack of business succession planning is a leading contributor to poor business retention...don't let the businesses in your community close their doors

On average, a business transition in Canada takes between two and seven years. Two of the largest hurdles are where to start and how long it will take. Many business owners do not leave enough time and are forced to divest the assets for pennies on the dollar or close the business completely. This will have a huge effect on our communities and should be top of mind for all economic development organizations and business associations.

This program provides an opportunity for collective action by the public, private and non-governmental sectors, as we come together to address the issue of business transitions.

This approach is anchored by: 

  • Project Leads: SEDA and SuccessionMatching.com Download a bio of SXNM CEO Alison Anderson
  • Program Partners: Sponsors and industry leaders reduce the cost of participation and present key webinars.
  • Community Champions: leading the local or regional process (eg: local economic development department or chamber of commerce).
  • Community Partners: to nurture and guide succession planning and business transitions(eg: Financial institutions; Community Futures; Affiliated Professionals)Community Partners: to nurture and guide succession planning and business transitions.

Program Elements

Introduction to Business Transitions and Succession Planning Workshop. Registration Fee TBD based on sponsorship and overhead expenses in the local community. By the end of this course, participants will be able to:|

  • Understand the importance of business transitions in our communities
  • Explain the three different types of business transitions
  • Outline the necessary steps business owners need to take in a succession plans
  • Identify the key succession planning professionals that should be involved in a transition
  • Understand programs available for business transitions and succession planning
  • Design, apply and engage community stakeholders and business owners in their business communities
  • Commit to engage in three year community driven business succession project.

Online Resource Portal: Workshop participants will receive user access to an online resources to support continued learning and application in the community. Select Program Partners will have the opportunity to add their resources to the portal for access on an ongoing basis.

Community Toolkit Contains press release and other communication templates as well as workplan and confidentiality agreement templates and 26 'how to use' the succession matching online portal.

The next Business Transition and Succession Planning  Workshop will be held June 16, 2017 at
Saskatchewan Polytechnic, Wascana Campus in Regina.  Registration information can be found here. 

Webinars and workshop is accredited to the Professional Community and Economic Developer of Saskatchewan certification.

This program is made possible with the support of our Progressive Sponsors:

 

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