Community Futures Network of Alberta to offer free Succession matching and planning workshop

Jul 10, 2020 | 3:37 PM

LETHBRIDGE, AB. — A need for succession planning and education resources within rural business communities, prompted eight Community Futures offices in southern Alberta develop a Succession Matching and Planning (SMP) Project.

It all stems from the increasing number of clients who have approached the eight offices, asking about help with the sale of their business or its transition to a family member.Smaller communities in the region have businesses they choose to shut down, which could impact an entire community. In many cases, business owners are unaware of their options or unsure about how to go about selling their business.

The eight offices have partnered with Succession Matching, the Alberta Business Family Institute, and Commercial Ventures, for a series of workshops and masterclasses over the next twenty-one months.

It all begins with “Selling Your Business – Expert Panel”; a virtual discussion on July 14th.

The SMP workshop and masterclass series is aimed at raising awareness and educating business owners and their ‘circle of influence’ such as bank personnel, realtors, municipal government employees, and community stakeholders and to provide access to resources. Their focus is to see businesses successfully transition to new owners, ensuring those businesses remain a vital part of local economies.

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Workshops are open to registration and target rural entrepreneurs looking to transition out of their respective businesses in the future, either via a family transition or sale to an unrelated party. Event registration can be accessed through the Community Futures Facebook pages or by way of the Eventbrite link:

https://www.eventbrite.ca/e/selling-your-business-expert-panel-webinar-tickets-111251813168

The project is coordinated by Community Futures Highwood, in collaboration with seven other Community Futures offices:

1. Community Futures Alberta Southwest

2. Community Futures Central Alberta

3. Community Futures Centre West

4. Community Futures Crowsnest Pass

5. Community Futures East Parkland

6. Community Futures Lethbridge

7. Community Futures Wild Rose

by Dori Modney with files from community Futures