Éric Dufour, Regional Vice-President of the Saguenay-Lac-St-Jean Region and Business Transfer Leader, believes that it takes five to eight years to undertake a successful business transfer.
Our expert explains, “It’s important to take the time to reflect and implement a transfer plan that includes among others, a business staging component—that is, an improvement plan to prepare a portrait of the business, analyze what’s happening, review threats and opportunities. Human resources, finances, clients should all come under review and key individuals should be identified.”
The human and psychological aspects are key areas that can impact the value of a business, in addition to the numbers.
To learn more about business transfer good practices, read the article (in French) in La Presse.
09 Jan 2018 | Written by :