Succession Planning
Succession Ontario
Succession Ontario is a free business transition planning hub that helps Ontario’s small business owners prepare for what is next. Whether selling to a third party, transferring the business to family or employees, or winding down, Succession Ontario provides practical tools, self-paced modules, virtual workshops and a free business valuation estimate to help owners plan ahead with confidence.
As part of Succession Ontario, Kawartha Lakes Small Business Centre (KLSBC) offers one-on-one succession planning consultations to help our local business owners take the first step toward their future.
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, KLSBC 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.
Step One – Review the Succession Ontario website that offers free resources
Step Two – Book a consult with KLSBC to help guide you through the exit planning process
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.
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.
One-on-One Support at KLSBC
As part of the Succession Ontario network, KLSBC offers free and 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 the first step today.
Funding provided in part by the Government of Ontario
