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Succession Planning for your Business

We are pleased to offer training opportunties for business owners learning how to exit thier business - inclduing a specialized series for family businesses.  We have partnered with three content providers to offer a comphrehensive selection of courses and workshops to fit your planning needs.  Please see below a list of mutliple session programs and shorter workshops - all free of charge.

Click here to learn more about our content providers (Alberta Family Business Insitute, Commercial Ventures and Succession Matching) and what sessions would be right for you.

Mutiple Session Programs

Exit Planning (16 week masterclass)
Provider:  Commercial Ventures

This program will enable participants to gain clarity on the journey toward a sale and learn how to prepare themselves and their business to be operated by a successor.  Participants will complete the masterclass with an exit plan and clear direction on next steps.

Course Modules:

Understanding Business Valuation
Personal Readiness & Future Planning
Business Readiness in the Eyes of a Buyer (with Exit Options Analysis)
Timelines and Scenario Planning


Fall 2020 Schedule

All sessions are hosted online from 9:30 AM – 11:30 AM

Modules:  Sept. 17, Oct 15, Nov 12, Dec 10
Q&A:  Oct 1, Oct 29, Nov 26
Registration:  https://www.eventbrite.ca/e/exit-planning-masterclass-series-tickets-114606697718

Winter 2021 Schedule

All sessions are hosted online from 9:30 AM – 11:30 AM

Modules:  Jan 14, Feb 11, March 18, Apr 15
Q&A:  Jan 28, Feb 25, Apr 1
Registration:  coming soon

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Selling Your Business (16 week masterclass)
Provider:  Commercial Ventures

This program will help participants learn how to market and sell their business as well as gain clarity on the process of a sale and learn how to find a buyer.  Participants will complete the masterclass with a marketing plan and clear direction on next steps.

Course Modules:

Working with Advisors & Preparing your Company Material
Engaging Buyers & Maintaining Confidentiality
Receiving Offers
Timelines, Closing and Transitioning


Fall/Winter Schedule

All sessions are hosted online from 9:30 AM – 11:30 AM

Modules:  Oct 22, Nov 19, Jan 21, March 4
Q&A:  Nov 5, Dec 3, Feb 4
Registration: https://www.eventbrite.ca/e/selling-your-business-masterclass-series-tickets-117353947817

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Family Business Transition – In Depth Series (8 classes)
Provider:  Alberta Family Business Institute

This series of webinars will be geared to family businesses from all disciplines who seek to deepen their understanding and begin the process of transition planning. Transition planning is a natural process in a successful family enterprise and one that can (and should) be positive and empowering.  The main focus will be to give an overview of the process and provide communication and governance strategies that will enable business owners to confidently chart their transition plan. This will be supported by a comprehensive workbook containing tools, templates, and resources.  Click here for more content detail.  As part of the in depth series, participants will be provided with access to the Pre-Webinar, where they will receive the Family Business Transition online course and workbook, with the expectation that the materials will have been reviewed prior to the first session.

Fall 2020 Schedule

All sessions hosted online from 10:00am to noon
Thursdays:  Sept 17, 24, Oct 1, 15, 22, Nov 5, 19, Dec 3
Registration:  https://www.eventbrite.ca/e/family-business-transition-in-depth-workshop-series-tickets-116146558483

Winter 2021 Schedule

All sessions hosted online from 10:00am to noon
Thursdays Jan 14, 21, 28, Feb 4, 11, 25, March 4, 18
Registration:  coming soon

Single Workshops
Sept 16, 2020:  Not-For-Profit Succession Planning Workshop

Oct 21, 2020:  Business Transition and Succession Planning Workshop

Nov 18, 2020:  Business Transition and Succession Planning Workshop

Jan 20, 2021:  Not-For-Profit Succession Planning Workshop

Feb 10, 2021:  Business Transition and Succession Planning Workshop

March 10, 2021:  Business Transition and Succession Planning Workshop

Provider:  Succesion Matching
More information and registration:  http://insights.successionmatching.com/business-succession-project/#
All workshops hosted online from 2:00 to 4:00pm

Ready to Sell a Business?

Businesses listed for sale or ready for sale can receive a coupon to list their business with Succession Matching. To receive this coupon, participants must register and attend a minimum of one workshop with Succession Matching (ABFI and CV workshops are not included).  The coupon is only $25 (value $2000) due to the funding received for this project.  Contact us if you have any questions.

ABOUT THE PROJECT

In partnership with Community Futures Alberta Southwest, Community Futures Central Alberta,  Community Futures Crowsnest Pass, Community Futures East Parkland, Community Futures Highwood, Community Futures Lethbridge, Community Futures Wild Rose, CFCWest is pleased to announce the Southern Alberta Business Succession Project. This project will provide dedicated resources to help business owners develop successful transitions through proper succession planning.

Through this partnership, business owners located in these Community Futures Regions will have free access to a series of workshops and webinar series to help business and farm owners prepare for the day they transition their business.

Best of Crowsnest Awards

Kudos to all the winners and nominees of the 2020 Best of Crowsnest. And thanks to The Crowsnest Pass Chamber of Commerce Association for this great opportunity to celebrate our amazing businesses. Crowsnest Pass is so lucky to have you!

Building Business Resiliency - FREE WORKSHOPS

We are pleased to announce the launch of a FREE online program in response to the impact COVID-19 has had, and continues to have, on businesses in our community. The intent of the program is to increase the chances of businesses' recovery and continued operations.
Over the next 8 months, we will offer group coaching workshops as well as the opportunity to work with experienced coaches in 1-on-1 sessions. These sessions will offer a range of topics focusing on Mental Health, Coaching & Education. You are free to take as many as you wish.
These workshops are perfect for business owners who have had to change their business model, been required to pivot their operations, and who would like to receive additional support in the form of coaching and educational webinars, to successfully navigate a new business landscape.
For more information, see Events on our Facebook page at https://www.facebook.com/communityfuturescnp/events/

Succession Planning Project

Community Futures Crowsnest Pass is partnering witth other CF offices and outside vendors to offer a number of workshops and webinars to rural business owners who are looking at transitioning out of their respective businesses within the foreseeable future, either via a family transition or a sale to an unrelated party.

These sessions will:

  • Raise awareness of an owner's need to plan an exit strategy
  • Increase succession planning knowiedge in our rural entrepreneurs
  • Provide new resources such as access to succession planning specialists, and a low-cost web-based platform to sell their business on
  • Prevent small businesses in the community from shutting down
  • Attract new entrepreneurs into the participaitng partner's regions.

    This project aims to raise awareness of the issue and educate business owners and their 'circle of influence' to provide access to additional resources. We endeavour to create tangible results, most notably by seeing transition to new owners and remaining part of our local economy.

    If you are planning to sell your business in the next few years, these sessions have what you need to know to get you on the right track to sell your business. Sign up today at:
    https://sxnm.typeform.com/to/IvrJPShttps://sxnm.typeform.com/to/IvrJPS

 

Workplace Guidance for Alberta's Reopening from COVID-19

As Alberta continues reopening, this is a good source for industry specific Information and clarification Click on this link for businesses, including general guidance, guidance by sector, planning, and FAQs:

https://www.alberta.ca/biz-connect.asp

Resources for Business Leaders Covid-19

Here's a very good link for Resources for Business Leaders, updated daily. Helping understand the challenges and opportunities associated with running your business operations during the COVID-19 outbreak.

https://covidcontinuity.com/

COVID-19 Resources for Businesses

Stay up to date by frequently checking provincial, national and international websites.

Social distancing measures

Please do your part to keep our community and your business safe by following these guidelines from the Government of Canada:
Social distancing standards are that individuals maintain a spacing of 2 meters apart.
Businesses with staff lunchrooms, boardrooms, etc. need to adhere to social distancing. Consider rotating lunch breaks to maintain social distancing.
Offices should have employees work from home whenever possible.
Home-based businesses do not have occupancy limits, but are directed to follow the social spacing guidelines set by the Government of Canada, including minimizing capacity so that individuals can remain two meters apart.
Please understand Canada's priority right now is to help stop the spread of COVID-19.
We understand these restrictions add complexities and challenges to your business operations, and we thank you for your understanding.
 

Financial assistance

Assistance to entreprenuers provided by BDC through small business loans, working capital loans and purchase order financing. BDC support https://www.bdc.ca/en/pages/special-support.aspx?special-initiative=covid19

Emergency Financial Assistance
Government of Alberta financial assistance for unexpected emergencies (for all Albertans, not specific to businesses) https://www.alberta.ca/emergency-financial-assistance.aspx?fbclid=IwAR3bnsDgBzZjvrvLj9DUDvUrPG-0Ott6v-_AYTYyVysX7hbzmm1l9mi311s

Employment Insurance (EI)
Sickness benefits provide up to 15 weeks of income replacement and is available to eligible claimants who are unable to work because of illness, injury or quarantine, to allow them time to restore their health and return to work. Canadians quarantined can apply for Employment Insurance (EI) sickness benefits. https://www.canada.ca/en/services/benefits/ei/ei-sickness.html

Work-Sharing Program
Program to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer. https://www.canada.ca/en/employment-social-development/services/work-sharing.html

Employees - Canada Labour Code
Information about employer responsibilities and employee rights under the Canada Labour Code. https://www.canada.ca/en/employment-social-development/corporate/notices/coronavirus.html#h2.1

Maintaining business operations

Prevention

  • Use best practices to prevent and mitigate the spread of COVID-19, at home and at work.
  • Actively encourage anyone who is feeling ill to stay home and away from others.
  • Use and encourage good hygiene practices, such as frequent handwashing and avoiding touch.
  • Consider additional social distancing measures, such as working remotely.


Prepare

  • Ensure your business is prepared to handle a potential case or business disruption, including accessing available government resources to mitigate potential financial impacts to your employees and your business.
  • Review or create a Business Continuity Plan for your organization, ensuring it contains:
  • Process to follow if an employee becomes ill;
  • Policies around travel;
  • Policies around sick leave;
  • How to mitigate risk to essential business functions can continue; and
  • Internal and external communications plans.

Respond

  • Follow all public health guidelines if you, or a member of your team, is experiencing symptoms, in order to ensure the safety of your workforce and your workspace.
  • Call Health Link at 8-1-1 for instructions if you, or a member of your team, is experiencing symptoms such as fever, cough, difficulty breathing and have travelled outside of Canada, or were exposed to someone who has COVID-19.
  • Website: Alberta Health Link

Assist

  • Consider how you can support your immediate community through the outbreak
  • Offer and provide support to employees and coworkers who are at home.
  • Consider whether your organization can provide goods or services to assist those in self-isolation (ie: grocery delivery, online or telephone counselling, internet services).
  • Guidelines: Self-Isolation Information Sheet

Business Scale-Up and Productivity

If you’re a western Canadian company looking to grow, the Business Scale-up and Productivity (BSP) program could be for you. BSP supports high-growth businesses that are scaling up and producing innovative goods, services or technologies. It offers interest-free repayable funding to incorporated western Canadian companies.

Western Economic Diversification Canada (WD) is taking steps to streamline and improve the BSP program for western Canada’s businesses and entrepreneurs.  You will have multiple opportunities to apply for BSP funds should your expression of interest not be ready for submission. WD will be accepting expressions of interest throughout the year during the following dates:

·         February 24 – March 23, 2020

·         September 15 – October 14, 2020

·         January 15 – February 16, 2021

For more information about the program and how to apply, please visit WD’s https://www.wd-deo.gc.ca/eng/19762.asp?WT.mc_id=BSP2020Feb&WT.tsrc=Email or contact a regional office at https://www.wd-deo.gc.ca/eng/10318.asp.

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Community Futures Crowsnest Pass
12501 - 20 Avenue
Box 818
Blairmore, AB T0K 0E0

403-562-8858

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Communities Served

Bellevue, 
Blairmore, 
Coleman, 
Crowsnest Pass, 
Frank, 
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