A Succession planning Kit for canadian businesses.

• Author: Butler, Lynn
• Position: NEWS

Eighty-eight per cent of current family business owners believe the same family or families will control their business in five years, but succession statistics indicate approximately 30 per cent of family and businesses survive into the second generation, 12 per cent into the third generation, and only about three per cent into the fourth generation or beyond.

[ILLUSTRATION OMITTED]

Poor succession planning is the primary culprit For small or large proprietors, selling the business can be a worry and one big frustration. The Succession Planning Kit allows one to...