Futurescape - December 2015
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Happy Holidays!
Community Futures BC  Board of Directors and Staff
wish you all the best of the Season
Futurescape - December 2015
Activity Update - Highlights

Economic Development Building Blocks Workshops
Community Futures BC is partnering with the BC Economic Development Association to develop and deliver an economic development building block workshop. The workshop will be delivered to local government representatives in 12 – 14 communities across British Columbia. The workshops will include an entrepreneurial module and Community Futures BC will be reaching out to CF offices in those communities chosen for individuals to present the module.  The module will be customizable to reflect the uniqueness of the local community. The Ministry of Jobs, Tourism and Skills Training has the final decision on what communities will host the workshops.  All of the workshops are scheduled to be delivered by March 31st 2016.

Community Futures Professional Development – Spring 2016
Spring Training will be held February 29 - March 2, 2016 in Vancouver.  The training is made possible by funding from PanWest as well as the BA Support Committee.  The training will include training on TEA and BA Support Training as well as a facilitated Managers meeting. Reserve your spot today

To read the complete Activities Report, please click here

Business Transitions - Is it Time to Sell your Business?

98% of all businesses in British Columbia are small businesses, providing 57% of private sector employment in the province.  Regional communities in BC are desirable places for lifestyle choices, but more and more that means creating one’s own business opportunities to earn an income so they can live in a place they love.  The formula is simple: Business opportunity + lifestyle + support services = desirable destination for entrepreneurs.

But there is a major demographic challenge facing business owners.  Baby Boomers own many of the businesses in our communities, and many of them are thinking about retiring.  1 out of 4 business owners are planning to exit within 5 years, almost 90% of them due to retirement, and 2 out of 3 of these owners have no plan for who they will sell their businesses to. So who is going to buy all these businesses?  Will they be forced to close because they are unable to find local buyers?  Will those services disappear from our community? For buyers of course the opposite is true, it's clearly a buyer’s market.  There are many great businesses available at very reasonable prices and many resources to help new entrepreneurs in both funding and training. 

Recent statistics show that the average time to sell a business is well over a year, and 75% of all business sales fail to close.   Lack of planning and preparation by the business owner has been identified as a key reason for delay or lack of sale.  The way to beat these odds is to properly plan out your exit, we know that businesses primed for a sale have the best chance to sell. 

Make sure you follow these steps and get the most out of your sale. Read More
Upcoming Events 2016

January 13 - BA Roundtable
January 21 - Chairs and Managers Roundtable
January 27 - Board Meeting
February 29 - March 2 - Spring Training
April 10-16 - National Volunteer Week 
The annual Volunteer of the Year awards will be during National Volunteer Week to allow the volunteers to be recognized in their communities.  Nomination forms will be distributed in January 2016.  
Copyright © 2015 Community Futures British Columbia, All rights reserved.

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