Canada’s small businesses are closing. This organization is working to save them — by turning them into social purpose businesses.
The Legacy Leadership Lab (L3) is building an acquisition ecosystem to help more social entrepreneurs buy small businesses
Why It Matters
It’s estimated that, even before COVID-19 struck, 700,000 small businesses in Canada were already at risk of closure in the next ten years, because they don’t have viable succession plans. And the pandemic made local business and community self-sufficiency even more urgent. Social acquisitions could be a big part of the solution.
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