76% of people who own small-to-medium-sized businesses are planning to retire within the next decade. What happens when they call it quits? Who will take over those businesses, if anyone? What will happen to the people they employ? These are all pressing questions, but the vast majority of small business owners in Canada do not have a succession plan.
On this episode, Cordell Jacks, CEO and General Partner of The Regenerative Capital Group, joins us to explain...
- The scale of the wave of retirements coming in Canadian small businesses.
- The risks to the economy if we don't plan for the succession wave.
- Why entrepreneurs who buy businesses succeed more often than those who start from scratch.
- The interesting way his investment fund is incorporating social and community impact into their business model.
-----
- More episodes of Free Lunch by The Peak: https://readthepeak.com/shows/free-lunch
- Follow Taylor on Twitter: @taylorscollon
- Follow Sarah on Twitter: @sarahbartnicka
- Subscribe to The Peak's daily business newsletter: https://readthepeak.com/b/the-peak/subscribe
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.
