- An Innovative Web Site Ensuring a Company's Succession

    MONTREAL, March 31 /CNW Telbec/ - HEC Montréal's Chair of SME Development
and Succession, in collaboration with National Bank of Canada; BCF, Lawyers,
Patent and Trademark Agents; Solidarity Fund QFL; PricewaterhouseCoopers; and
Secor Taktik, is proud to announce the brand new Web site From Success to
Succession ( for current business owner-managers
and potential company successors.
    A successful business transfer to a new generation of managers and owners
is a delicate operation that can often be challenging. This is the context
driving the initiative of the Chair of SME Development and Succession of HEC
Montréal and its partners to create an original Web site that is useful to any
person thinking about taking over or transferring a business, whether it is a
family company or any other kind of SME.
    For Michel Patry, Director of HEC Montréal, "The issues surrounding a
successful business transfer are crucial for the business community. I am
pleased that the Chair's project, which is so beneficial for the development
of Quebec businesses, won the support of such prestigious partners. With their
support we can provide entrepreneurs a tool that is relevant, complete, and
    Divided into the themes Think, Choose, and Act, the site offers potential successors and current
owner-managers a framework for thinking and acting that is applicable to the
specific situation of the company concerned. "Why a transfer, under what
conditions? Why take over an existing company and how can I succeed? These are
the fundamental questions," highlighted by the Chairholder of the Chair of SME
Development and Succession, Louise St-Cyr. "With testimonials, the site is the fruit of several years of labour
researching and conducting surveys. It is a real working guide that covers the
human, strategic, tax, financial, and legal aspects of a business transfer,"
adds Ms. St-Cyr.
    The entrepreneur is led through the steps by questionnaires and
explanatory tables which help the entrepreneur take control of the process. also offers a virtual library, a toolbox, a point
of contact with the Chair and links to programs specific to each of the

    About the Chair of SME Development and Succession

    The Chair was established in 1998 with the directive to thoroughly
investigate the evolution of SMEs. This research is based on the development
of SMEs (good management, growth and finance); women entrepreneurs; and the
succession to the entrepreneur-manager, vital for the continuation of the SME.
The Chair's actions mainly focus on owner-managers, the organizations that
finance them and various governmental bodies who are interested in the
development of SMEs.

For further information:

For further information: Louise St-Cyr, Chairholder, Chair of SME
Development and Succession HEC Montréal, (514) 340-6014,;

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