Transitioning Your Business

Business Transition Planning: Preparing for the Future (PDF, 915 KB)

At CIBC Small Business we are committed to helping you succeed in your business and build a plan that will help you to reach your retirement goals. Did you know that 43% of family-owned Canadian businesses do not have a succession plan in place? Read the report to get helpful tips on making business transitions smooth and successful.

Canada's Best Managed Companies talk Business Transition Planning

Business transition planning is critical to a company's long term sustainability and success. Close to half of Canada's business owners expect to retire in the next ten years, yet many of them admit they are ill-prepared to transition their business successfully. See how some of Canada's best managed companies are managing their eventual business transition.

Your retirement plan
We've developed this Retirement Planning checklist to help you because we know there are many details involved in planning for your retirement.
 

Business Transition Planning (PDF, 940 KB)
This comprehensive Business Transition Planning brochure describes both the value of, and the processes involved in, business transition planning, as well as how CIBC can help.
 

Your Guide to Business Transition Planning (PDF, 50 KB)
You have invested a lot of time and energy into making your business a success. Now it's time to start thinking about the next step - both in your life and in the life of your business.
 

Retirement planning for small business owners
Creating a retirement savings plan can be considerably more complex for small business owners than for other people, because there is more to think about.
 

Entrepreneurs prepare with RRSP savings
As a small business owner, you want to bring the same careful forward-thinking planning to your retirement objectives as you do to your business objectives. With that in mind, these strategies have the potential to enhance the performance of your RRSP.
 

How to get started on a business transition plan
A business transition plan has many benefits, regardless of the size of your business and what stage of the business cycle it's in.
 

Assessing your Resources (PDF, 35 KB)
The noted Three Circle model identifies the three main stakeholders in the transition plan of the private, family owned business - the family, the shareholders and the business itself. The model also serves as a helpful way for you to break the transition planning process down into manageable components.
 

Key Considerations When Selling A Business (PDF, 161 KB)
The sale of a business is a significant and, in many cases, life-changing event for business owners, especially given that most of their net worth often resides in their company.
 

Meet the Johnston's - Case Study (PDF, 440 KB)
One of the most important steps in transition planning is engaging your advisors, including your CIBC business advisor. Read this case study to see how CIBC can be a helpful resource in your transition planning.


A conversation with Sean Foran: What is business transition planning?

Establishing a business and making it a success is not easy. Transitioning out of that business can be even harder. Sean Foran, CIBC, Managing Director, Business Transition Planning shares key insights to what Business Transition planning is all about and how it differs from succession planning.

Featured Speakers:
Shelley Swanlund, Vice President, CIBC Business Banking & Head of Small Business
Sean Foran, CIBC, Managing Director, Business Transition Planning

A conversation with Sean Foran: Options to consider when planning for transition

Deciding how and when to pass on ownership and control of your business entails careful thought and planning. Sean Foran, CIBC, Managing Director, Business Transition Planning explains different options to consider when arranging for the eventual transfer of your company.

Featured Speakers:
Shelley Swanlund, Vice President, CIBC Business Banking & Head of Small Business
Sean Foran, CIBC, Managing Director, Business Transition Planning

A conversation with Sean Foran: How to get started

It's never too early for business transition planning. Sean Foran, CIBC, Managing Director, Business Transition Planning discusses the common challenges businesses face when building a succession plan and tips on how to get started.

Featured Speakers:
Shelley Swanlund, Vice President, CIBC Business Banking & Head of Small Business
Sean Foran, CIBC, Managing Director, Business Transition Planning

A conversation with Trevor Gough: Determining fair market value

Regardless of what transition option you choose, it is important to have a good idea of what your business is worth. Determining fair market value, however, can be a complex process. Watch as Trevor Gough, Managing Director and Head, CIBC Mid-Market Investment Banking shares his strategies for determining the fair market value of your business.

Featured Speakers:
Shelley Swanlund, Vice President, CIBC Business Banking & Head of Small Business
Trevor Gough, Managing Director and Head of CIBC Mid-Market Investment Banking

A conversation with Trevor Gough: Finding the right buyer

Selling a business is a complex undertaking, and the sale process is likely the largest financial transaction of a business owner's life. Trevor Gough, Managing Director and Head, CIBC Mid-Market Investment Banking explains how to find the right buyer for your business to ensure a successful transition.

Featured Speakers:
Shelley Swanlund, Vice President, CIBC Business Banking & Head of Small Business
Trevor Gough, Managing Director and Head of CIBC Mid-Market Investment Banking

A conversation with Trevor Gough: Options to consider in transition

Often, business owners are not looking to completely exit their business, but instead just want to extract some value from it to do other things. Trevor Gough, Managing Director and Head CIBC Mid-Market Investment Banking discusses different options business owners can consider if they are not looking to retire but wish to take some money off the table.

Featured Speakers:
Shelley Swanlund, Vice President, CIBC Business Banking & Head of Small Business
Trevor Gough, Managing Director and Head of CIBC Mid-Market Investment Banking