#SBSchat: Preparing for Your Business Transfer

Date(s) - 24/04/2019
2:00 pm - 3:00 pm


Did you know that millennials hold on to a business for an average of just seven year? Their objective is to aggressively grow the business to generate profits, not through operations, but through the eventual sale of the business.

Taking the time now to envision what your business will look like when you want to sell that business is vital to your business plan – even if you’re just starting up.

Having a solid business transfer plan in place can also make your business more attractive to funders so you can easily access financing as your business grows.

On the next #SBSchat learn how to optimize your business transfer plan to increase growth and profitability today while increasing your business’s value in the future.

Cost: FREE
Where: on Twitter under the hashtag #SBSchat
What is #SBSchat? Click here for a Twitter chat “How-to” guide

Q1 – Why should a business transition plan be an integral part of your business strategy and annual forecasting exercises – even if you’re just starting up? #SBSchat 

Q2 – What are the main issues that should be addressed in a business succession plan? #SBSchat  

Q3 – How can you capitalize on a well formulated business transfer strategy to access capital for your business today rather than in the future? #SBSchat  

Q4 – Who are some of the key people that should be involved in writing your business transfer strategy? #SBSchat  

Q5 – Who are some of the key people you should share your business transfer strategy with? #SBSchat  

To be a guest on #SBSchat send an email to sbs@cedec.ca to let us know your area of expertise &/or topic suggestion. 

Q6 – What are the advantages to having a robust business transfer plan? What disadvantages can you mitigate by having a succession plan in place as soon as you start your business? #SBSchat  

Q7 – What are some important aspects to consider to ensure a successful family business transition? #SBSchat  

Q8 – What’s an Employee Share Ownership Plan (ESOP) and what are some key elements to ensure success?#SBSchat 

Q9 – How can you trigger and plan for a successful third-party sale of your business? #SBSchat  

Q10 – Any other tips or advice before we sign off today? #SBSchat 

Would you like to highlight your business or your professional expertise? Sign up to be an expert guest on #SBSchat!

Network, learn, and promote your expertise by participating in as many of our Twitter chats as you’d like. Tell us about yourself: send an email to social@cedec.ca.

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