Over the next decade, 76% of businesses will be changing hands in Canada, generating $2 trillion of value. This “succession tsunami” will create a buyer’s market for businesses.
Planning ahead is the key to success. It takes three to six months to formulate a succession plan and more than two years to prepare a business for sale at optimal value.
On Thursday, October 5th, we were joined by host Vas Pachapurkar, National Vice-President, IG Private Wealth Management and acclaimed business journalist and event moderator Amanda Lang for our exclusive business owners webinar as they discussed the essential steps required when selling a business.
This session covered:
- How to prepare for the sale, and emotional aspects to consider
- Streamlining operations to enhance profitability
- Identifying potential buyers
- Valuing a business
- What buyers want to know
- Tax implications
Stay Tuned for More Great Events!