BUSINESS LEGACIES INITIATIVE

Are you a non-profit looking to diversify your revenue streams?

Why start a social enterprise when you can acquire one?

Business Legacies Initiative is a research and innovation initiative exploring how to:

  • address succession and transition challenges facing small business owners,
  • support non-profits to explore business acquisition as a social enterprise strategy, and;
  • ensure that essential goods, services and employment provided by local businesses remain in communities.

The goal of the Business Legacies initiative is to understand the challenges and opportunities for business to community business transition; develop processes, resources and training to assist; and identify initial pilots to support through the process.

Project Resources and Activities

    1. Literature Review: Business Legacies Initiative – Literature Review
    2. Survey of non-profits and small businesses: Business Legacies Initiative Survey Summary
    3. Local Case Studies:
      1. Studio 1313 Acquisition Case Study
      2. The Fernwood Yoga Den Acquisition – Case Study
      3. Community Futures Alberni-Clayoquot Acquires Coombs Country Candy – Case Study
    4. Pathway to a Successful Business Purchase Toolkit: In July 2021, the partnership launched a comprehensive toolkit called “Pathway to a Successful Business Purchase” (PSBP Toolkit). Adapted from Venture Connect’s buyer’s workbook of the same name, the PSBP Toolkit is the first of its kind in Canada to address the unique challenges and needs of the non-profit sector.
    5. Introductory Session Video Recording
    6. Business Legacies Incubator (October 2021-February 2022)
    7. Scaling Social Acquisitions mapping and literature review (Available soon)

Additional Resources:

Business Legacies Initiative is a joint initiative between Scale Collaborative
and Royal Roads University’s School of Business.

It is advised by the communities of:

We are thankful for funding support from Royal Roads University, the BC Rural Dividend Fund
and the Island Coastal Economic Trust.