The Decibel Are small, family-run businesses dying in Canada?
Sep 5, 2023
Chris Hannay from the Globe discusses the wave of retirement among small business owners in Canada, leading to potential consolidation. Exploring the options and challenges faced by small businesses, including the reluctance of young people to take on family businesses. Employee ownership trusts are introduced as a solution to preserve traditions and legacy.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 3min
Options for Small Business Owners When They Retire
02:44 • 2min
Reluctance of Young People in Canada to Take On Family Businesses
05:08 • 3min
Challenges Faced by Small Businesses in Canada
07:51 • 3min
Employee Ownership Trusts as a Solution for Small Family-Run Businesses
10:46 • 5min