Do you have a succession plan?
We can assist you in planning yours!
WE HAVE BUYERS THAT WANT TO PURCHASE YOUR BUSINESS!
Recent changes to the Canadian Provincial Nominee Programs have opened the doors to many qualified potential new immigrants seeking to settle in Canada with their families.
What is a Succession Plan?
Succession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in the company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. Taken narrowly, “replacement planning” for key roles is the heart of succession planning. Effective succession or talent-pool management concerns itself with building a series of feeder groups up and down the entire leadership pipeline or progression (Charan, Drotter, Noel, 2001). In contrast, replacement planning is focused narrowly on identifying specific back-up candidates for given senior management positions. For the most part position-driven replacement planning (often referred to as the “truck scenario”) is a forecast, which research indicates does not have substantial impact on outcomes.
Each Canadian province and one territory has its own unique Provincial Nomination Programs (except for Quebec, which has a different selection system).
Provincial and territorial governments have been using these programs to more effectively and efficiently welcome newcomers to their region.
Each PNP is tailored to the province’s/territory’s specific needs to select nominees who will be able to settle into life and work in the region and to effectively contribute to the community.
One way of qualifying for immigration to Canada is for an applicant to purchase an existing company which has no succession plan, thereby saving Canadian jobs and assuring the continuation of the business.
