Entrepreneurship is the foundation of economic development. But what happens when entrepreneurs want to retire?
According to a report from the Business Development Bank of Canada (BDC), nearly 61% of Canadian SMEs are led by owners who are 50+ and many plan to exit within the next five years.
Pierre Cléroux, Vice President, Research and Chief Economist at BDC, joins the podcast to discuss this dynamic and what might happen to these SMEs. He shares insight into whether entrepreneurs are prepared for their exits, who they might sell their companies to, and the benefits of business acquisitions for buyers and the Canadian economy.