It’s that time of year again! As winter approaches, it provides a chance for business owners and operators to reflect on the recent busy season, to plan and strategize for next year, and take advantage of growth opportunities. The successful Winter Survival Workshop series, now in its fifth year has been fostering and motivating fresh ideas and helping local businesses take advantage of opportunities to expand, improve, reach new markets and become more efficient since 2013.

In partnership with The Small Business Centre, PELA CFDC and the Prince Edward County Chamber of Commerce, The County’s Winter Survival Workshops deliver important and relevant training and education to small businesses in Prince Edward County to help them stay competitive.

WHO should attend:

This workshop is for those are:

• Hoping to pass the business on to someone in the family?
• Planning to sell the business in the long term?
• Wanting to sell the business within the next year?
• Wondering how to assess and value a business on the market today?

WHY should you attend:

Considering retiring from your business? 

• Factors to consider when you make the choice to pass the business on or sell it.
• Should you stay involved in some way?  How to ensure your agreement is mutually binding.
• Learn how to accurately value your business before you make the decision to put it on the market.
• Steps you can take now to gather proof of the value added intangibles such as customer loyalty.

Thinking of buying an existing business?

• Explore the difference between buying a business for the ‘Life Style’ or to create wealth.
• Get tips on how to determine the fair market value of a business you are considering for purchase.
• Learn how to understand and analyze the financials you are provided by the seller.
• Understand the signs of loyalty to the business and loyalty to the business owner.
• Where to get information about zoning and bylaw implications of the business/property.

Do you have a plan to protect your hard earned profit? 

• What are your options for payment and subsequent investment?
• Explore tax implications before you act.

START:  9:00 AM
END:    12:00 NOON

REGISTRATION

$40 deposit to be returned to you at the workshop.  Cancellations must be received by Monday January 29, 9 AM in order to have your deposit returned.

Register with:
Grace Nyman, Community Development Coordinator
gnyman@pecounty.on.ca
613-476-2148