WOMEN IN BUSINESS
A project of RDÉE Île-du-Prince- Édouard, Solution Succession is partially bilingual. It offers French- language workshops, seminars and networking events for women planning to purchase a business or take over a family business. On the other hand, coaching and training–the core offerings of the program–are available in both French and English. MAKING WOMEN’S ENTREPRENEURIAL DREAMS A REALITY T aking the plunge into business ownership Solution Repreneuriat | Solution Succession Launches in PEI By Crystal Smith Photos Courtesy of RDÉE
can be overwhelming. Where can you turn for answers when you’re not even sure what questions to ask or what challenges you might face along the way? For women in PEI, a new program is here to help. Solution Repreneuriat | Solution Succession launched in February, 2024 with the goal of guiding women through the process of acquiring and operating a business. Although new to the Island, the program has been operating since 2019 in New Brunswick where it has had tremendous success, with 200 women completing the program in its first six years. Similar programs are also being offered to women in Newfoundland and Labrador, Nova Scotia and Saskatchewan.
Training consists of three levels covering different stages of business acquisition: Level 1 is for women thinking about buying a business and helps with choosing a business and developing a business plan; Level 2 is for those seeking to secure financing and negotiate a purchase; and Level 3 is designed for new owners who need advice transitioning and integrating into their recently acquired business. Sessions are conducted online and participants receive a certificate upon completion of each level. “Although we recommend doing all levels, participants can choose to start at any level, depending on where they are in their project,” says project manager Jacinthe Lemire. For more in-depth advice, coaching connects budding entrepreneurs with mentors and experts in fields like operations, management, marketing,
“With the aging population, there is a growing necessity for entrepreneurs to acquire businesses on the Island.”
- Jacinthe Lemire
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www.pei-living.ca SPRING24
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