What is Your Exit Strategy? … How to Have a Happy Landing

Almost 60% of Canada’s small and mid-sized business owners are aged 50 or older, nearly double the proportion of the overall workforce. The printing industry is no exception.
Four out of 10 entrepreneurs in Canada are likely to leave their businesses within the next five years, up from one in three in the mid-2000s, our study also found.
More than half of these entrepreneurs intend to sell or transfer their business to someone outside their family. A quarter of them see a family succession in the cards, while just over one in five expects to wind down the business and sell its assets.
Key to the sale of any business is it’s strength – both financially and staff. Is succession planning part of your corporate culture? Is cross-training a key to your operational strategy?
With staff as well as owners looking to exit, it’s time to ensure that everyone has a happy landing!
The DIA has put together a unique panel – moderated by Stephen Longmire, Past President of the DIA and moderator extraordinaire. Stephen is also the National Sales Manager of Sydney Stone – supplier of print finishing equipment, parts and service.
Panelists are:
Gerald Chang, Managing Partner, Summit Labels, Vancouver
Steve Cussons, President, MiniGiants, Toronto
Steve Falk, President, Prime Imaging
Gord Griffiths, CEO and President, Connecting For Results, Toronto
Marg Macleod, President, IBEC Consulting