Succession Ontario
What’s Next for Your Business?
Whether you’re planning to sell, transfer the business to employees or family, or wind down, the future of your business deserves a plan.
As your local Ontario Small Business Advisory Centre, the Hamilton Business Centre is proud to be part of Succession Ontario, the province’s first centralized succession planning hub, created to help small business owners take their next step with confidence.
visit succession ontarioPractical tools, self-paced learning, virtual workshops and a free business valuation to help owners plan ahead confidently.
One-on-one succession planning consultations to help local business owners take the first step toward their future.
Program Information:
What is Succession Planning, and Why Does it Matter?
Succession planning is the process of preparing for the eventual transition of your business. It covers everything from understanding what your business is worth, to assembling the right team of advisors, to mapping out a realistic timeline for your exit.
The majority of Ontario’s small business owners expect to transition out of their businesses within the next decade, yet only one in ten have a formal succession plan in place. Planning early gives you options, protects the value you’ve created, and helps ensure your business as well as the jobs and community connections that come with it continues to thrive.
What’s Available:
Free Tools and Resources Built for You.
Through Succession Ontario, you have access to a growing library of free, self-paced resources designed specifically for small and micro-business owners:
- Online learning modules that walk you through the succession planning process step by step, at your own pace
- A free business valuation estimates to help you understand what your business may be worth in today’s market
- Practical planning tools for building a transition roadmap, preparing your financials, and assembling your advisory team
- Guidance on your exit options, including transferring to family, selling to employees or a third party, and wind-downs
Everything is free, practical, and built to meet you wherever you are in your journey.
Help is Available:
One of One Support at the Hamilton Business Centre.
As part of the Succession Ontario network, the Hamilton Business Centre offers free, confidential one-on-one succession planning consultations with a local business advisor.
In a consultation, we will help you understand your options, share resources available to you, and build a plan that fits your goals, timeline and your business. Whether you’re years away from transition, or ready today, we are here to help you move forward with clarity and confidence.
Take your fist step. Book a consultation.
Free Resources:
In Partnership With:
Funding provided in part by the Government of Ontario and the City of Hamilton | Financement fourni en partie par le gouvernement de l’Ontario et la Ville de Hamilton.