Canadian entrepreneurs are in the midst of an unprecedented transition: over the next decade, more than 72% of the country’s 1.1 million business owners plan to exit their business. In the process, they will transfer more than $1.5 trillion in business assets to a new generation of small business owners. Opportunity abounds! Yet at the same time, less than half of these businesses have any kind of succession plan (and only about 1 in 10 has a formal written plan), suggesting that many entrepreneurs are on a collision course with frustration, disappointment, and loss of wealth. 

In this workshop, we’ll begin to unpack this important topic by examining some of the first steps and ‘easy wins’ that small business owners can take to begin their succession journey. Specifically, we’ll begin to assess your readiness, examine your exit options, consider how to build your succession team, and look at how to construct your ‘succession manual’.

Date: Thursday, December 9, 2021
Time: 10 am
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About Our Presenter

Joel Stoddart is a Business Counsellor, Consultant, and Trainer with the Acadia Entrepreneurship Centre, where he began working in 2003. During that time Joel has worked one-on-one with numerous entrepreneurs on all aspects of their businesses, including marketing, financial forecasting, strategy development, and succession planning. He has sat on the board of both the Deep Roots Music Cooperative and the Clean Annapolis River Project, and resides in Kentville (by way of Clark’s Harbour, NS) with his wife Sacha, his son William, and his daughter Hannah.