With the average age of business owners at 58 and many lacking succession plans, Canadian small businesses are facing climbing rates of closure. Al is joined by Dr. Sarah Burrows, Assistant Professor at Queen’s University’s Smith School of Business, to discuss the growing concern of succession planning in Canadian small businesses.
Dr. Burrows discusses the “Silver Tsunami” and the impact of changing tax laws on family-owned businesses.
Explore innovative solutions like Employee Ownership Trusts (EOTs) for sustainable business transitions and learn how local businesses can adapt amidst economic uncertainties.
Kerry Smith, National Leader, Famiy Office Services at MNP also joins me to talk about succession planning
If you’re a business owner who hasn’t thought about succession planning, start listening!
Also in this episode:
- Areen Pabla, Sales & Marketing Intern at Moneris reviews July’s calendar of events
Links of Interest
What are you thinking?