Social Capital Partners reposted this
Maintaining Canadian sovereignty is going to require keeping Canadian companies in Canadian hands. I'm excited about this set of ideas by Scott Stirrett, Karen Greve Young and Michelle Arnold to help Canadian entrepreneurs buy Canadian businesses. Entrepreneurship through Acquisition (ETA) was the start of my successful entrepreneurial journey (after some unsuccessful journeys) and can have great outcomes. But it's awfully hard to get the financing necessary to do it. There are better models in the US, and the suggestions in this article lay out what a Canadian version of that would look like. The good news it it builds off other programs that already exist in Canada - very little additional bureaucracy would be needed to make it work. Helping to finance Canadians in buying community businesses may be one of the biggest public policy "no-brainers" out there, especially given the current challenges to our sovereignty. The authors estimate that it could lead to 5,000 businesses a year going to mostly young Canadian entrepreneurs. That's an extraordinary outcome that very few policies can deliver. I hope politicians are paying attention to good, practical, proven ideas like this as they come up - we're going to need every one of them! Check it out, and let your local candidate know that we need this in Canada ASAP. https://lnkd.in/grTY-Kcr