Over the next decade 76% of small business owners in Ontario will consider selling their business, yet with only 9% having a formal succession plan most of these businesses will be liquidated. An strategic sucession plan may increase the value business owners get from their investment.
We understand the challenges that can arise during the succession planning process. and we’re here to help you tackle the most common, ensuring a smooth and efficient transition for your business.
Our services addresses key concerns such as:
// Finding a Suitable Buyer:
We’ll guide you through the process of identifying potential buyers who align with your business exit strategy.
// Business Valuation:
Determining the true value of your business is crucial for a successful transition. Discover how experts assess value, and what methods are right for your industry sector.
// Build the Value of your Business:
Many businesses heavily rely on their owners for day-to-day operations. We’ll assist you in implementing strategies to empower your team, streamline processes, and reduce dependency, setting the stage for a seamless transition, and maximum value.
Everything starts with a free and confidential consultation. Our experienced and multilingual team of business advisors is the key to accessing the resources, programs, services, and connections to help your business reach the next level.
Resources
Entrepreneurs need to plan their business transition well in advance to get top dollar value for their companies when they sell. BDC surveyed over 2,500 entrepreneurs to find out how well prepared they are to sell their businesses, their attitudes towards growth and risk, and why it’s important for them to make their businesses more attractive to buyers.
The OINP Entrepreneur Success Initiative is offered by TBDC to help prospective immigrant entrepreneurs identify business opportunities in Ontario. Through the ESI, TBDC also helps connect Ontario business owners who are looking to sell their companies to experienced international entrepreneurs.
Contact Rob Tamblyn
Business Development Manager,
Small & Medium Enterprises
613-544-2725 x 7261
Cell: 613-540-1843
tamblyn@investkingston.ca
