The goal of this stage is to exit the business either by selling or closing.

Milestones

The milestones of this stage are outlined below along with a clear purpose and description as well as a list of support partners who offer resources for each milestone. 

Business Valuation

To understand the commercial value of the business and its assets.

 Support partners
 
  1. Community Futures South Georgian Bay
  2. Nottawasaga Futures
  3. Orillia CDC / Succession Matching Program
  4. Georgian Bay Accelerator

Legal/Contract Development

To prepare legal documents and contracts necessary for the transition or closure of the business.

 Support partners
 
  1. Lakehead University
  2. Nottawasaga Futures
  3. Orillia CDC
  4. Sandbox Centre
  5. Barrie, Simcoe County & Orillia SBEC
  6. South Georgian Bay SBEC

Succession Planning

To develop a plan for transferring leadership or ownership of the business.

 Support partners
 
  1. Orillia CDC
  2. Community Futures South Georgian Bay
  3. South Georgian Bay SBEC
  4. Barrie, Simcoe County & Orillia SBEC
  5. Nottawasaga Futures
  6. Georgian Bay Accelerator