If you own a small business and you’re getting close to retirement, you should have a plan in place for whats to become of the operation. That advice from Scotiabank’s Atlantic Vice-President Gord Brost (Brohst).
He says its best to have things ready well in advance of the Brown Envelope Day.
A recent survey of Atlantic Canadians owning a small business indicates almost a quarter of them have no intention of retiring and giving up the business. 19 percent of those questioned for the survey say they’ve got a succession plan already in place, developed years ago.
