The coming wave of business transitions in Canada: Iu134-1/4-2017E-PDF
are entrepreneurs ready to exit their company?
"BDC’s Research and Economic Analysis team, in partnership with Nielsen, asked over 2,500 Canadian entrepreneurs about their succession intentions. The survey was carried out in the spring of 2017. Besides succession issues, the survey included questions on acquisition intentions. We are presenting the results of our research in two reports, due to the wide scope of the survey and the trove of information it uncovered. The first report, detailed below, focuses on business succession. It aims to provide a better understanding of the choices that entrepreneurs commonly face as their thoughts turn to retirement or other pursuits. These options include: family succession, a management buyout, a sale to a third party, and winding down the business and selling assets. In addition, we examine whether soon-to-retire entrepreneurs are taking specific steps to ensure that they obtain maximum value from their businesses. This report also outlines recommended strategies to maximize the value of a business and improve the chances of a smooth transition to new management, based on in-depth interviews with subject matter experts. Finally, we include two case studies of successful successions, one involving the owner’s own family, the other involving outsiders"--Context, p. 2.
|Department/Agency||Business Development Bank of Canada.|
|Title||The coming wave of business transitions in Canada|
|Subtitle||are entrepreneurs ready to exit their company?|
|Other Language Editions||[French]|
|Electronic Document|| |
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|Note||Issued also in French under title: Vague de transferts d’entreprise en vue au Canada : les entrepreneurs préparent-ils bien leur sortie? Cover title. At head of title: Study. "September 2017." Authors: Tom Corner, Sylvie Ratté. Cf. Verso of cover.|
|Number of Pages||21 p. :|
|Subject Terms||Small businesses, Management, Planning|
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