Dear Potential Buyer,

Buying a business can be a challenging process with many factors to consider. To help you become better prepared to buy your own business, Thompson Rivers University in partnership with key industry stakeholders  have gathered information and developed a series of case studies and learning activities, and put them all together into a trio of Buyer section modules.

Please, feel free to work through the Buyers section at your own pace. We recommend that you follow the order of the material as it is presented; however, you are free to jump to other sections of the course if there are certain areas of more interest to you.

The Seller’s section of the course contains three complementary modules. You will see some overlap between the Buyer and Seller sections; however, each trio of modules is specifically targeted to its own audience.

Check Out the Buyer Modules

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Preparing to Purchase a Business

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• Overview
• Self-Assessment for Entrepreneurs
• Growth Potential
• Assessing the Current Labour Force
• Forecasting Future Labour Market Availability
• Business Market Share
• Change of Ownership
• Summary of Preparing to Purchase a Business
• References

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Preparing for Ownership

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• Overview
• Understanding Shareholder Agreements
• Defining Goals and Priorities
• Understanding Human Resource Responsibilities
• Strategies for Recruitment and Retention
• Supervisory and Leadership Skills
• Working with Others
• Strategic Competency Model
• Forecasting Future Skill Requirements
• Understanding Best Practices
• Summary of Preparing for Ownership
• References

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 Preparing to Transfer Working Knowledge

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• Overview
• Assumptions Regarding the Buyer’s Situation
• Setting up the Communication Path
• Develop a Timeline for the Transfer of Ownership
• Assessing Employee Skills
• Building a Strategy to Overcome Challenges
• Succession Leadership Development Plan
• Retirement Development Retention Plan
• Facilitating Relationships between Experienced and Inexperienced Workers
• Knowledge and Skill Building
• Buyer Summary
• References

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