Succession Planning for Business Owners: Striking the right balance [Video]

It is often difficult for entrepreneurs to separate family from business when planning their legacy. This intertwined transition is often challenging, with no one-size-fits-all solution. With a generation entering retirement in droves and a changing business landscape, these conversations are increasingly top-of-mind for many families and enterprises alike.

On June 4, 2024. The Globe and Mail hosted an event focused on the common questions that arise when building a succession plan, the psychology behind decision-making and the approaches business owners can take when considering these matters.

The day began with a presentation focused on succession strategies. Francesco Barbera, Founding academic director of the Family Business Institute and an associate professor of entrepreneurship and strategy at the Ted Rogers School of Management at Toronto Metropolitan University, shared his insights on what current succession and sale strategies look like for the owners of medium and small sized businesses.

Next, Sandra E. Martin, …