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What is Succession - Succession Planning In Canada
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What is Succession - Succession Planning In Canada

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http://fundingbusiness.ca/index.php/how-do-i-buy-a-business …

http://fundingbusiness.ca/index.php/how-do-i-buy-a-business

We help business owners finance a succession plan.

65% of small business owners in Canada are expected to be retiring by 2015 yet 90% of them have no formalized success plan.

Also, 50% of these business owners either do not know what to do with their business or will shut it down.

We can help you finance the purchase of a business with $0 down and up to 100% of the purchase price.

Contact us to find out more.

Published in Business , News & Politics
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Transcript

  • 1. WHAT IS SUCCESSION:SUCCESSION PLANNING IN CANADA www.fundingbusiness.ca
  • 2. Percentage of Small Business Owner Who Plan to Exit Business By 2015 35% 65% Remain Exit TD Waterhouse
  • 3. Percentage of Small Business Owner Who Plan to Exit Business By 2015 35% 65% Remain Exit TD Waterhouse
  • 4. Percentage of Small Business Owner Who Plan to Exit Business By 2015 35% The Majority of Business Owners are Retiring, Yet... 65% Remain Exit TD Waterhouse
  • 5. 2 6% Know Who TheyDon’t Busin ess ToWill Sell Their
  • 6. Small BusinessSuccession Planning 52% 38% 10% Written Succession Plan Informal Succession Plan No Succession Plan TD Waterhouse
  • 7. Small BusinessSuccession Planning 52% 38% 10% Written Succession Plan Informal Succession Plan No Succession Plan TD Waterhouse
  • 8. Small BusinessSuccession Planning 52% 90% Of Business Owners Have No Formal 38% Succession Plan and the #1 Reason is... 10% Written Succession Plan Informal Succession Plan No Succession Plan TD Waterhouse
  • 9. Financing a Successor http://www.flickr.com/photos/68751915@N05/6355811869/
  • 10. Plans Owners Have For Their Small Business 27% 23% 20% 18% Close It Unsure Transfer To Family Member Sell It Source PWC
  • 11. Plans Owners Have For Their Small Business 27% 23% 20% 18% Close It Unsure Transfer To Family Member Sell It Source PWC
  • 12. Plans Owners Have For Their Small Business 27% 23% 20% 18%The Minority of Businesses Have a Succession Plan, which means... Close It Unsure Transfer To Family Member Sell It Source PWC
  • 13. 50% http://www.flickr.com/photos/qnr/3343458880/
  • 14. 50% Don’t know what to do with their business or will shut it down! http://www.flickr.com/photos/qnr/3343458880/
  • 15. So
  • 16. So65% Of Small Business Owners Will Retire
  • 17. So65% Of Small Business Owners Will Retire50% Have no Succession Plan
  • 18. So65% Of Small Business Owners Will Retire50% Have no Succession Plan This Means
  • 19. So65% Of Small Business Owners Will Retire50% Have no Succession Plan This Means 1/3 of all small business in Canada could shut down by 2015
  • 20. There are ways to finance a succession of your business that allows you:To ensure your business continuesGets you the Value that you need to retireAllows you to build a succession plan
  • 21. Let Us Help You Find A Way To Create A Successful Succession Planhttp://fundingbusiness.ca/index.php/selling-a-business