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Posted: October 24, 2016

Succession Planning Workshop Nov. 1

This fall, the Basin Business Advisors Program (BBA) launched its new Succession Planning Workshop that is only available in select Columbia Basin communities.

Succession planning is necessary for every business owner, whether they want to retire or sell their business. The time to prepare their business for succession is not in the year that they decide to retire or sell but well in advance so that the business is ready when they are. Every business owner needs to have a succession plan and now might be the time for them to get serious about creating a succession plan that works for them, their employees, their business and their community. The three-hour workshop is designed to help business owners explore their options and to answer many of their questions.

Although BBA is known for its one-on-one business consulting throughout the Columbia Basin, it also provides free workshops and partnering with chambers of commerce makes sense to reach the business community.

The Columbia Valley Chamber of Commerce hosted a Business Walk in November 2015 and the results identified that succession planning is one of the biggest gaps for the business community in the Columbia Valley.

“We started speaking with the Ministry of Jobs, Tourism and Skills Training, Community Futures and BBA earlier this year to find a way to help business owners fill the critical gap in our business community and we are really pleased that we were able to work with the BBA on this initiative. This workshop is what is hopefully a beginning for our members to looking at succession planning and from here we can help them drill down and access other tools to help them strengthen their business,” stated CVCC Executive Director Susan Clovechok.

In partnership with the BBA and the Columbia Valley Chamber of Commerce, this free workshop is being offered in Invermere at the CVCC/Lions Hall on Tuesday, November 1. To register for the workshop, business owners can contact the Columbia Valley Chamber of Commerce (250) 342-2844 or go to their website at www.cvchamber.ca and register online.

Lead image: Will Nixon of the BBA Program.


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