Business Succession Planning
Thinking about retiring, selling your business, transitioning ownership, or planning for the future?
Business succession planning
helps ensure that successful businesses continue to contribute to local employment, economic growth, and vibrant communities.
Community Futures Cariboo Chilcotin can help you explore your options, prepare for a successful transition, and connect with resources that support the sale or transfer of your business.
PASS - Planning A Successful Succession
Selling a business involves many important decisions. The PASS Program helps business owners navigate the succession process by focusing on four key steps:
- Plan - Explore your succession goals, timeline, and options for the future of your business.
- Prepare - Identify steps to make your business ready for sale, including organizing financial information, reviewing operations, and understanding what potential buyers may be looking for.
- Market - Develop an approach to presenting and promoting your business to prospective buyers.
- Connect - Explore opportunities to connect with potential buyers and other professionals who can assist with the transition.
How PASS Can Help
Through customized one-on-one coaching, the PASS Program can help you:
- Develop a succession plan tailored to your business and personal goals
- Identify areas to address before putting your business on the market
- Prepare for the marketing and sale of your business
- Explore potential buyers and ownership transition opportunities
- Preserve the legacy you've built and support continued business operations
It's never too early to start planning.
Whether you are planning years in advance or preparing for an upcoming transition, PASS can help you understand the succession process and prepare your business for sale.
PASS Workbook - Download our workbook to begin exploring your succession planning options.
Considering Your Next Steps?
If you are considering selling your business, planning for retirement, or would like to learn more about business succession planning, please contact:
Laurie Walters
laurie@cfdccariboo.com
Larry Stranberg
happytrails@cfdccariboo.com
