Maybe you’ve started thinking about passing the wheel and your business to someone else.
Will you have enough money for what you want to do next? If not, what will it take as a business owner to get you there?
Putting value in your tank
If you don’t know what your business is worth today, on what basis are you making decisions for tomorrow?
Yet that’s the case for many small- and medium-enterprise owners in Canada who are counting on their business for their retirement nest egg.
Three out of four have started their business from scratch. They know how much hard work and effort they’ve put in, but not if it will translate into sufficient cash when they go to sell. Handing the business over to family members has become less of an option as more heirs-apparent are choosing a different career/life path.