Step 6 of 8
Step 6: the Transition Document
The Transition Document is the guide that lets a successor run your business without you. It brings together processes, key clients, the team, suppliers, risks and a 100-day plan. It reassures the buyer, shrinks the share of the price tied to your presence and shortens your transition.
No commitment. No cost. 45 minutes.
Focus regions: Eastern Townships (Estrie) · Montérégie · Centre-du-Québec · Mauricie · Quebec City region (Capitale-Nationale) · Montreal · Laval · Laurentians (Laurentides). 1 regional partner.
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This step is part of service 2: Prepare to sell. The three services together deliver the best result.
What you'll have at the end
- A complete, current Transition Document, in French and English if needed
- A 100-day transition plan
- A communication plan for employees, clients and suppliers
How to do it
- Gather the process map, the procedures and the dependency matrix
- Describe each key client: history, contacts, agreements, sensitivities
- Present the team: roles, strengths, people to retain
- List the known risks and how they're managed
- Write the successor's first-100-days plan
Step 6 articles
Go deeper
Step 6 · Transition Document
The Transition Document: what it contains and why it raises the price
A transition document is your business's operating manual for a successor. Here's what goes in it, section by section, and why buyers value it.
Read the article →Step 6 · Transition Document
The business succession plan, step by step
A business succession plan decides who takes over your company, when and how. Here are the steps, in order, and a template to fill in this week.
Read the article →Step 6 · Transition Document
The successor's first-100-days plan
A 100-day transition plan tells the successor who to meet, what to watch and what not to change yet. A week-by-week template you can adapt.
Read the article →Step 6 · Transition Document
Announcing the sale to your employees and clients
Announcing the sale of your business too early worries people, too late shocks them. The order, timing and words for employees, clients and suppliers.
Read the article →Step 6 · Transition Document
Selling to family, employees or a third party: an honest comparison
Family succession, a sale to employees or to a third party: financing, price, timing, risk and relationships compared frankly, so you can choose well.
Read the article →
Frequently asked questions
- What's the difference between a succession plan and a Transition Document?
- The succession plan decides who takes over and when. The Transition Document gives the successor everything needed to run the business: it's the company's operating manual.
- When should it be prepared?
- Before meeting buyers. It's used during negotiation and becomes the centerpiece of the data room.
- Is it useful for a family succession?
- Yes, just as much. It keeps the next generation from learning everything in a rush and protects the family relationship.
Do it with a pro
You can do it all yourself. With us, it gets done faster, and better.
We and our regional partner implement each step directly in your business, while you keep running it.
No commitment. No cost. 45 minutes.
Focus regions: Eastern Townships (Estrie) · Montérégie · Centre-du-Québec · Mauricie · Quebec City region (Capitale-Nationale) · Montreal · Laval · Laurentians (Laurentides). 1 regional partner.