An entrepreneur’s workforce grows either through fresh hires or through the acquisition of companies that bring along new employees. Whether your organization is a large multi-national in a complex mergers and acquisitions (M;&A) transaction or a start-up looking to acquire a 2-person corporation with a new development line or skill set, the employment law implications are complex, yet largely the same.
While everyone from entrepreneurs to human resources professionals tout the importance of networking, it is often viewed as a necessary yet temporary activity – a salvo designed to quickly rectify job loss or lack of venture capital. However, effective networking stems from a genuine desire to help others; this desire remains constant and consistent, regardless of whether your career or company is in transition or firmly established.
Canadians are pretty good at creating businesses that last, according to a new study by the Chartered General Accountants’ Association of Canada. Around 85 percent of new Canadian businesses survive for a year, 62 percent make it at least three years and 51 percent are still going after five years. The Business Development Bank of Canada puts this last number above 66 percent.