72% of business owners are looking to transition in the next 5-10 years. Non Profits are increasingly operating social enterprises. What could a transition to social enterprise look like? The Business Legacies Project is looking to answer that question.
Scale Collaborative, in partnership with four BC communities is exploring how non profit acquisition and ownership of businesses could achieve the following:
- Address succession planning challenges, particularly for businesses in small and rural communities
- Maintain key businesses within communities
- Shift ownership to non profits, with business profits going back into programs and services
- Build a model that is replicable, viable and scalable
Learn more by reading Scale’s blog post