In the next 5 years 70% of Canadian entrepreneurs will be trying to exit their business. How are they going to do it?

    CALGARY, Oct. 16 /CNW/ - The week of October 20th to 24th, 2008, many
business owners will gather at the Calgary Chamber of Commerce to participate
in Calgary's Small Business Week Expo.
    A major theme to be addressed throughout the week is the idea of
retirement and what will become of businesses that were built from the ground
up and still have a lot of potential for growth and sustainability.
    With eight million baby boomers in Canada between the ages of 41 and 60,
a business-acquiring/business-selling epidemic is among us. By the year 2015,
approximately 70% of business owners will exit their business, a seemingly
overwhelming percentage.
    If the stress of selling one's business isn't enough, what happens to the
75% of business owners who regret selling their businesses only 12 months
after closing? Their wallets are satisfied but their mission, their legacy is
lost if their business is placed in the wrong hands.
    Jerry Gorde, founder of Vatex says of his inevitable transition, "I do
not want to walk away with my pocket filled and my soul empty."  This is a
concern for many business owners getting ready to take that leap of faith.
    Employee Share Ownership Plan (ESOP) is the new darling of business-owner
exit strategies. In order to exit gracefully and with peace of mind, there
needs to be a strategic plan in place well before the actual exit occurs.
    There are several strategies available to business owners looking to
retire, however ESOPs are proving to be the most attractive option for
thousands of retiring business owners; including the former owners of WestJet
    ESOP Builders, one of the only independent Canadian consulting firms that
specialize in providing comprehensive ESOP services' will be holding a
seminar, sponsored by the ESOP Association of Canada. The seminar is scheduled
for Thursday, October 23rd during the Small Business Week Expo. ATB Investor
Services, an Alberta-based wealth management firm, will be the co-sponsor of
the event.
    The seminar will take place between 8am and 1pm at the Radisson Hotel
Calgary Airport. Various speakers will share their knowledge and experiences
relating to ESOPs and wealth management.
    One of the key speakers is Ciabh McEvenue managing director of Tamm
Communications, a Toronto based advertising agency that has just created an
ESOP and got a staggering 100% participation from eligible employees. Tamm
Communications also made the coveted "Canada's Top 100 employers" list
sponsored by Maclean's magazine.
    ESOP Builders will also be administering a Predictive Index (PI)
incentive to all business owners in attendance. The PI is a unique tool that
identifies workplace-related strengths and has been helping leaders strengthen
their organizations based on proven behavioural science techniques since 1955.

For further information:

For further information: Calvin Hughes, Certified Management Consultant,
B.A., A.A.C.I., M.A.I., M.B.A., C.M.C., Paladin Group Inc., Suite 360, 7620
Elbow Drive S.W., Calgary, AB, Canada, T2V 1K2, Tel/Fax: (403) 258-2481, cell:
(403) 830-3000,

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