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Is it time to create a succession plan? A recent survey by the Canadian Federation of Independent Business (“CFIB”) reported that 42% of small business owners now expect to retire later than planned because of COVID-19. This has significant implications for Canada’s economy, aging entrepreneurs and their families.
With a reported 60% of small and medium-sized Canadian business owners being 50 or older, it is expected that the supply of businesses-for-sale will increase in the coming years. Buying an existing business can have many benefits over starting from scratch, but overlooking the faults of an existing business can lead to losses and headaches.
With the economy opening back up and the world slowly transitioning back to normal, business owners are looking at the future of their companies. One of the critical challenges for this post COVID world is a company’s ability to attract and retain top talent. Employee Benefits can set you apart from other companies and attract the applicants you are looking for.
Waterloo, ON – Baker Tilly is pleased to announce Terri Holowath as the new chair of its Board of Directors, bringing a wealth of leadership experience to the position, gained from more than 30 years in the professional services industry. Since 2010, as the managing partner of Baker Tilly in Calgary,...
