Succession Planning for Small Businesses: Plan Ahead to Get Ahead
A shared concern in the back of the mind of many small to medium business owners is – Who is going to take over when I retire?
According to a 2013 Canadian Federation of Independent Businesses survey, 75% of Canadian business owners will exit their business by 2022. That’s only 3 more years. Let that sink in. For business owners who haven’t put much thought into succession planning, the continuity of their hard built business is at stake.
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