Succession Planning: Preparing Today for Tomorrow

Do you have a succession plan in place? According to a 2023 CFIB study, only one in ten small business owners have a formal succession plan. Unfortunately, many discover the importance of succession planning too late, leading to delayed retirements, businesses being sold in less-than-ideal condition or responding reactively to personal catastrophes, such as illness or death.

This webinar demonstrates how a succession plan improves business value and long-term sustainability and allows for a smooth transition of your business to new ownership. In addition, you will explore the facets of personal and business goals in conjunction with the strategic, operational, human resource, communications, stakeholder relationships, and other considerations required to put the “success” into succession planning.

What you will learn:

• What is a succession plan, and why have one?
• What are my potential exit options?
• What are the key questions to ask?
• How can I take action in building my succession plan?

Join us to learn how building a plan today can yield a better succession tomorrow.

Speaker Bio:

Randall Baran-Chong, CPA, CA is Founder and CEO of BizBridge. Having spent his career across finance, M&A, venture capital, strategic consulting, and emerging technology, he’s been drawn to tackle societal challenges with innovative solutions. As the grandson of a pioneering Chinese-Canadian restaurant owner in Toronto, he was inspired to found BizBridge to foster new generations of ownership. Building the bridge between new generations of business ownership, BizBridge’s mission is to simplify the process of selling and buying small-to-medium businesses via an AI-supported platform of workflows and tools that empowers small business owners to plan their transition, market their business, and connect with best-match buyers.