Passing on the Business to the Next Generation
Canadians will see a massive transfer of small business assets in the next decade – possibly more than a trillion dollars – but there’s a problem: many entrepreneurs don’t have a succession plan in place.
The 2008-2009 recession prompted many baby boomer entrepreneurs to delay their retirement plans and stay in business longer than they had anticipated. That’s according to a new report, Passing on the Business to the Next Generation based on survey data from the Canadian Federation of Independent Business (CFIB).
Please read the report to learn more.