Family Business In Transition

Did you know that in Canada, 80% of businesses are family-owned? Did you also know that most of Canada’s family businesses do not get passed down beyond the second generation due to a number of factors? Only 20% of Canadian family businesses have a strong succession plan. Family businesses are large contributors to the Canadian economy. I often prefer to purchase products directly from local family businesses rather than online, and you may do the same. Family business would be...