Filed Under:Life Insurance, Life Planning Strategies

Fewer than half of Canadian biz owners have an exit plan

According to a recent BMO report

Sixty percent of Canadian business owners spend sleepless nights worrying about retirement.
Sixty percent of Canadian business owners spend sleepless nights worrying about retirement.

Sixty percent of Canadian business owners lose sleep thinking about their retirement. And less than 40 percent have a business succession plan, according to new research from BMO Wealth Institute.

The report, timed for release in advance of National Small Business Week, outlines six phases of a business life cycle — start-up, growth, established, expansion, maturity and succession — and includes both professional and personal considerations at each phase.

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Nichole Morford

Nichole Morford
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