Business Succession

Succession planning is the process of identifying and developing a buyer to takeover a business. Preparation by the buyer, seller and community are critical to ensuring the success of a business transition.

A well developed succession plan will assist in the smooth transition of a small business and will help to ensure its continued success. The Business Match-Making: Good Practices is a useful tool when planning for the transfer of a small business.

Watch this YouTube video, produced in partnership by the B.C. government and Community Futures, to learn more about succession planning for the small business owner.

Facing the Demographic Shift in Rural Business