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Business Owners Invited To Complete Transition-Planning Survey

“Given the demographics of those who own and operate small- and medium-sized businesses, there is considerable concern over the economic and social impact of their retirements. The majority of SMEs expect to exit their businesses within the next 10 years and business owners, for the most part, have not carried out adequate planning for their succession. Most do not plan. Those who are planning are doing so informally and often neglect the primary obstacles to success” (Canadian Federation of Independent Business, Research Paper, ‘Succession Can Breed Success’, June 2005).

 

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