Succession Ontario
An online hub that provides centralized free resources and tools for selling and buying a small business in Ontario, with a focus on preparing businesses for smooth ownership transition.
What’s Next for Your Business?
Whether you’re planning to sell, transfer the business to employees or family, or wind down, the future of your business deserves a plan.
As your local Ontario Small Business Advisory Centre, we are proud to be part of Succession Ontario, the province’s first centralized succession planning hub, created to help small business owners take their next step with confidence.
What is Succession Planning, and Why Does it Matter?
Succession planning is the process of preparing for the eventual transition of your business. It covers everything from understanding what your business is worth, to assembling the right team of advisors, to mapping out a realistic timeline for your exit.
The majority of Ontario’s small business owners expect to transition out of their businesses within the next decade, yet only one in ten have a formal succession plan in place. Planning early gives you options, protects the value you’ve created, and helps ensure your business as well as the jobs and community connections that come with it continues to thrive.
Free Tools and Resources Built for You
Through Succession Ontario, you have access to a growing library of free, self-paced resources designed specifically for small and micro-business owners:
Online learning modules that walk you through the succession planning process step by step, at your own pace
A free business valuation estimator to help you understand what your business may be worth in today’s market
Practical planning tools for building a transition roadmap, preparing your financials, and assembling your advisory team
Guidance on your exit options, including transferring to family, selling to employees or a third party, and wind-downs
Everything is free, practical, and built to meet you wherever you are in your journey. Want some guidance in using these tools? Book a free consult with us.
One-on-One Support
As part of the Succession Ontario network, we offer free, confidential one-on-one succession planning consultations.
In a consultation, we will help you understand your options, share resources available to you, and build a plan that fits your goals, timeline, and your business. Whether you’re years away from transition, or ready today, we are here to help you move forward with clarity and confidence.
OBSAC programs and services are delivered locally by the Grey County Business Enterprise Centre and funded in partnership with the Government of Ontario and Grey County.