As the first wave of Canadian baby boomers retire over the next few years, succession planning will be vital for the long-term survival of many businesses. Canada is about to see a huge transfer of wealth from this generation to the next, yet many businesses struggle to ensure a smooth transition of business management and ownership. For family-owned companies, the ramifications may be even more sweeping. The personal issues they face, compounding other day-to-day business concerns, range from planning for income taxes to maintaining interpersonal relationships with family members.
A good succession plan will manage a range of issues, such as people and talent, family dynamics, corporate structure, estate planning, insurance and share transfer, to name just a few. Who Will Take Over the Business? is for any business owner who wants to retire, sell, or transfer ownership of their business. It is designed to guide business owners through a comprehensive and strategic approach to the business succession process to ensure that the transition is carried out as smoothly as possible. Who Will Take Over the Business? is a must-have resource for every Canadian business owner.
Praise for Who Will Take Over the Business? "With dead-on observations and vital advice, Who Will Take Over the Business? is the key to a successful transition to the next generation. Any entrepreneur considering retirement should take its lessons to heart. Having gone through the process myself, I can attest to the wisdom of the authors' work."
-Joseph L. Rotman, Chair, Roy-L Capital Corporation
"I like business reports that fit on one page, but each page of this book made me want to read the next. Who Will Take Over the Business? shows how important it is for business families to get advice from professional advisors. I have recommended this book to every member of my family."
-Jack May, Co-Founder, Maple Lodge Farms
"For over 150 years, as a family business we have learned many of the valuable lessons contained in this informative book, sometimes the hard way. I recommend Who Will Take Over the Business? to anyone looking for insight as they face the many challenges that can present themselves when family businesses are in transition."
-Hartley Richardson, President and CEO, Richardson Financial Group
