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Business Creation
Business Transition : Evaluation criteria
Applications will be evaluated according to the following criteria:
- the successor’s entrepreneurial profile:
- aptitudes and competencies
- strengths and weaknesses
- how the project factors in social, societal and environmental conditions
- the business transition planning and the successor’s readiness to take over:
- meetings between the parting owner and the successor
- the assessment of the business
- training, meeting with experts, etc.
- the transition process and the transfer of ownership:
- the change in ownership, management and leadership
- relationships with the suppliers, clients and partners
- the role played by the parting owner, external advisors, experts, etc.
- the business development plan:
- the post-transition vision of the business
- short-, medium- and long-term objectives
- the strategies in place to meet goals, etc.
- the company’s financial position
- the local and regional socioeconomic benefits resulting from the business’s transfer of ownership
All rights reserved 2008 – Québec Entrepreneurship Contest
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