About the new BEC Succession Stream Program
The Succession Stream supports established business owners who are preparing to transition out of their company.
Succession involves more than simply transferring ownership. Owners may need support with legal structures, taxation, employee transition, knowledge transfer, operational documentation, and risk management.
Qualification Metrics
Entrepreneurs should generally meet the following criteria:
- Plan to exit within approximately 6-12 months
- Be preparing to transfer, sell, or transition ownership
- Require support navigating offboarding or succession
Core Offerings
Community
An entrepreneurial community where you can build meaningful connections that help support the foundation and growth of your business.
Mentorship
Direct access to BEC’s business advisors, who provide expert guidance and mentorship to support the growth of your business.
Programming
Structured lessons covering the key steps from idea to execution, delivered by experts with experience in each topic.
Program Delivery
Phase 1
- Introduction to Succession Planning: Foundation and Strategy
Phase 2
- Workforce Transition, Training, and Bias Avoidance
- The Operations Manual: Guides for Successors
Phase 3
- Assessing Risks and Measuring Success
Phase 4
Intended Outcome
By the end of the program, participants will have:- Developed a clear succession strategy
- Minimized operational risk
- Ability to understand financial, legal, and workforce transition risks
Participants who complete the program will receive a Certificate of Completion.
Program Format: Hybrid, with both in-person and virtual sessions.
Program FAQs
- What materials do I need to gather before preparing for the Succession Stream?
Participants should gather key business documents such as financial statements, ownership information, contracts, legal documents, and any existing succession or exit plans.
- How do I know for certain I am ready to sell my business?
The program can help assess your readiness by reviewing your financial position, business structure, operations, and long-term goals to identify whether a sale is the right next step.
- Will I receive support after completing the Succession Stream?
Yes. Participants can remain connected to relevant advisors, organizations, and resources for continued support throughout the succession or sale process.
- What are the program expectations?
The Succession Stream is delivered in a hybrid format, with both in-person and virtual sessions. Participants are expected to attend consistently, actively participate, complete program activities, and apply what they learn throughout the program.
