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Succession Planning for Your Business

Succession Planning for your Business
We are pleased to offer training opportunties for business owners learning how to exit thier business - inclduing a specialized series for family businesses.  We have partnered with three content providers to offer a comphrehensive selection of courses and workshops to fit your planning needs.  Please see below a list of mutliple session programs and shorter workshops - all free of charge.

Click here to learn more about our content providers (Alberta Family Business Insitute, Commercial Ventures and Succession Matching) and what sessions would be right for you.

Mutiple Session Programs
Exit Planning (16 week masterclass)
Provider:  Commercial Ventures

This program will enable participants to gain clarity on the journey toward a sale and learn how to prepare themselves and their business to be operated by a successor.  Participants will complete the masterclass with an exit plan and clear direction on next steps.

Course Modules:

Understanding Business Valuation
Personal Readiness & Future Planning
Business Readiness in the Eyes of a Buyer (with Exit Options Analysis)
Timelines and Scenario Planning
Fall 2020 Schedule

All sessions are hosted online from 9:30 AM – 11:30 AM

Modules:  Sept. 17, Oct 15, Nov 12, Dec 10
Q&A:  Oct 1, Oct 29, Nov 26
Registration:  https://www.eventbrite.ca/e/114606697718 

Winter 2021 Schedule

All sessions are hosted online from 9:30 AM – 11:30 AM

Modules:  Jan 14, Feb 11, March 18, Apr 15
Q&A:  Jan 28, Feb 25, Apr 1
Registration:  coming soon

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Selling Your Business (16 week masterclass)
Provider:  Commercial Ventures

This program will help participants learn how to market and sell their business as well as gain clarity on the process of a sale and learn how to find a buyer.  Participants will complete the masterclass with a marketing plan and clear direction on next steps.

Course Modules:

Working with Advisors & Preparing your Company Material
Engaging Buyers & Maintaining Confidentiality
Receiving Offers
Timelines, Closing and Transitioning

Fall/Winter Schedule

All sessions are hosted online from 9:30 AM – 11:30 AM

Modules:  Oct 22, Nov 19, Jan 21, March 4
Q&A:  Nov 5, Dec 3, Feb 4
Registration: https://www.eventbrite.ca/e/117353947817

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Family Business Transition – In Depth Series (8 classes)
Provider:  Alberta Family Business Institute

This series of webinars will be geared to family businesses from all disciplines who seek to deepen their understanding and begin the process of transition planning. Transition planning is a natural process in a successful family enterprise and one that can (and should) be positive and empowering.  The main focus will be to give an overview of the process and provide communication and governance strategies that will enable business owners to confidently chart their transition plan. This will be supported by a comprehensive workbook containing tools, templates, and resources.  Click here for more content detail.  As part of the in depth series, participants will be provided with access to the Pre-Webinar, where they will receive the Family Business Transition online course and workbook, with the expectation that the materials will have been reviewed prior to the first session.

Fall 2020 Schedule

All sessions hosted online from 10:00am to noon
Thursdays:  Sept 17, 24, Oct 1, 15, 22, Nov 5, 19, Dec 3
Registration:  https://www.eventbrite.ca/e/116146558483

Winter 2021 Schedule

All sessions hosted online from 10:00am to noon
Thursdays Jan 14, 21, 28, Feb 4, 11, 25, March 4, 18
Registration:  coming soon

Single Workshops
Sept 16, 2020:  Not-For-Profit Succession Planning Workshop

Oct 21, 2020:  Business Transition and Succession Planning Workshop

Nov 18, 2020:  Business Transition and Succession Planning Workshop

Jan 20, 2021:  Not-For-Profit Succession Planning Workshop

Feb 10, 2021:  Business Transition and Succession Planning Workshop

March 10, 2021:  Business Transition and Succession Planning Workshop

Provider:  Succesion Matching
More information and registration:  http://insights.successionmatching.com/business-succession-project/# 
All workshops hosted online from 2:00 to 4:00pm

Ready to Sell a Business?

Businesses listed for sale or ready for sale can receive a coupon to list their business with Succession Matching. To receive this coupon, participants must register and attend a minimum of one workshop with Succession Matching (ABFI and CV workshops are not included).  The coupon is only $25 (value $2000) due to the funding received for this project.  Contact us if you have any questions.

ABOUT THE PROJECT
In partnership with Community Futures Alberta Southwest, Community Futures Central Alberta,  Community Futures Crowsnest Pass, Community Futures East Parkland, Community Futures Highwood, Community Futures Lethbridge, Community Futures Wild Rose, ans Community Furtures Centre West, we are pleased to announce the Southern Alberta Business Succession Project. This project will provide dedicated resources to help business owners develop successful transitions through proper succession planning.

Through this partnership, business owners located in these Community Futures Regions will have free access to a series of workshops and webinar series to help business and farm owners prepare for the day they transition their business.   

COVID-19 Update

As a result of the current COVID-19 situation, the office will be closed to the public until further notice.

Monday to Friday between 8:30 – 4:30 you may contact:

  • General Manager Sherry Twa at 403-963-0192; stwa [at] albertacf.com
  • EDO Kate Gislason at kgislason [at] albertacf.com
  • Administrative Officer Mary Bailly at mbailly [at] albertacf.com
     

Business Scale-up and Productivity (BSP) program

If you’re a western Canadian company looking to grow, the Business Scale-up and Productivity (BSP) program could be for you. BSP supports high-growth businesses that are scaling up and producing innovative goods, services or technologies. It offers interest-free repayable funding to incorporated western Canadian companies.
Western Economic Diversification Canada (WD) is taking steps to streamline and improve the BSP program for western Canada’s businesses and entrepreneurs.  You will have multiple opportunities to apply for BSP funds should your expression of interest not be ready for submission. WD will be accepting expressions of interest throughout the year during the following dates:
•         February 24 – March 23, 2020
•         September 15 – October 14, 2020
•         January 15 – February 16, 2021
For more information about the program and how to apply, please visit WD’s BSP website or contact a regional office.

Regards,
Western Economic Diversification Canada

 

AAFC Youth Employment & Skills Program

AAFC’s Youth Employment and Skills Program. It provides funding to organizations for the creation of agricultural internships that provide career-related work experiences to youth and youth facing barriers. Approved projects will be eligible to receive 50% of total eligible costs, up to a maximum of $14,000 in matching funds.

Approved applicants that are Indigenous or non-profit are eligible to receive 80% funding up to the maximum $14,000 in funds. Approved projects that hire a youth facing barriers may receive 80% of total eligible costs, up to a maximum $14,000. They may be eligible to receive an additional $5,000 to cover extra costs associated with hiring and supporting youth facing barriers.

The program will begin accepting applications on January 13, 2020 and applications will be reviewed on a first-come, first-served basis as long as funds are available.

For more information, please visit: http://www.agr.gc.ca/eng/programs-and-services/youth-employment-and-skills-program/?id=1557778999519.

Rotary Youth Entrepreneurship Camp

Youth ages 13-15 are invted to apply to attend this week long camp at Eagles Nest Ranch.  For more details and to register, visit www.rotaryayec.ca 

And check out the camp video!

Business Coaching Available

Are you considering starting a business, or own a business and need a little advise? Contact us to ask about our one-on-one business consulting. Topics  include business plans, financing & accounting, marketing, succession and much more.  How can we help you?

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Community Futures East Parkland
5020 - 50 Avenue
PO Box 250
Mirror, AB T0B 3C0

403-788-2212
888-788-2829

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