Replay: Replanning Your Exit Strategy
About the Event
Hi Founders, we’re guessing your focus isn’t on your exit plan this year. 2020 has been a seat-of-the-pants ride for Startups and High-Growth Canadian companies and some of you barely made it through this far. Some are thriving. All of us are eyeballs deep in execution mode. It’s our job as CFOs, Finance professionals and business advisors to ask our CEOs, Founders and Execs to think about the exit plan.Why Exit Planning Now
Why Exit Planning Now
Some of the things required for a successful exit are also the things required to run a healthy business long term. The trick is to know when and how to play your cards.
- 59% of entrepreneurs that own SMEs in Canada are over 50 years old
- 26% of business owners are planning on retiring in the next 3 years, 15% within the next year
- 56% of entrepreneurs over 65 will retire in next 3 years
- 46% indicate the COVID has accelerated their plans
The next 3-5 years looks to be very active for sales/acquisitions of traditional established small businesses. Both technology company founders and traditional business owners will need to pay attention to where buyers are putting their money.
In this webinar you’ll learn
- The state of things – how M&A activity has changed in 2020
- The outlook – what small companies can expect in 2021
- Secret weapons: Top 5 things you can do, right now, to set yourself up for a successful exit AND a successful 2021
- How to prepare for due diligence
About the Speakers
Axel has over 20+ years of M&A and Corporate Finance, and serves as an integral member of the Mergers and Acquisitions division at Renaissance M&A. With a career focused on serving small to mid-sized BC companies across a wide range of industries, Axel is routinely sought out by entrepreneurs seeking to successfully transition their businesses. Prior to joining Renaissance, Axel was a founding member of Vancity Capital – the mezzanine financing division of Vancity Savings Credit Union. Subsequently he held the role of Managing Director for BDC Capital’s mezzanine financing group covering BC and the Yukon. In both positions he was actively engaged in structuring and negotiating merger and acquisition transactions.
Iain Rogers is CRO and Founder of Entreflow Consulting Group. He worked in or for technology companies and startups for 15+ years. Iain also co-founded WrenchPatrol, a startup in the automotive space, and grew it to a 2016 exit. He loves sharing his experience in Sales, Marketing, Finance and HR with founders and execs that are in growth mode. Iain holds an MBA from Cornell University, an MBA from Queen’s University and a B.Sc. from Waterloo.
