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In the next 10 years, L3 estimates that over 700,000 small businesses in Canada will face an ownership exit. Even before the pandemic, many businesses were at risk of closure because they lacked an adequate plan for their succession (CFIB, 2018). These transitions will be even more difficult and uncertain when considering the impacts of the global coronavirus pandemic.

Every month, L3 runs a 90-minute Community Event to convene the entire L3 Community. If you’re reading this blog post, you’re already in the community! Welcome! As our website explains:

In January of 2020, DUCA Impact Lab was a title sponsor at the Legacy Leadership Lab’s inaugural Toronto social innovation lab workshop. Though L3 has since turned virtual, our core mandate of supporting the growth of the social and co-operative enterprise sector in Canada through social acquisition and business recovery is growing in importance and capacity day by day.

Monthly Community Events

L3 is relaunching into a fully online model

It came as no surprise to our partners, friends, and stakeholders when we made the announcement that our second workshop, originally scheduled for April 29-30 in Halifax, was instead to be delivered entirely remotely. Rather than two full days of programming, we delivered the Atlantic Online workshop as three half-days from April 28 to 30, using a combination of Zoom, Google Suite, and Mural to replicate an in-person experience.

April marked the beginning of L3’s last 12 months of operations, and what a year it will surely be. Upon delivering two multi-day workshops in April – one for the Waterloo Region and one for the national community – L3 is switching to a more dynamic, asynchronous, and needs-based delivery model with its events. We’ll be focusing on iterative and collaborative work with our participants that will mean more frequent touch points and much more online interaction.

Every Friday at 1pm EDT, L3 convenes an open discussion to source insights and ideas around social acquisitions and conversions of small businesses in Canada. This is a recap of last week's Huddle (April 9th).

Last week’s Friday Thursday Huddle allowed us to catch up with some stakeholders that have been following us since before our Toronto workshop, which gave us a chance to talk through the direction L3 has started to head since COVID-19 threw a wrench in our in-person delivery model.

Every Friday at 1pm EDT, L3 convenes an open discussion to source insights and ideas around social acquisitions and conversions of small businesses in Canada. This is a recap of last week's Huddle (April 3^rd).

Join us this coming week for a ­Friday (nope, that’s a holiday) Thursday Huddle, April 9^th at 1pm! The Zoom link is: https://zoom.us/j/230593272.

Coming in swinging

Adjusting to disruption

It will come as no surprise to our friends and supporters that L3 absorbed quite a bit of change in March. With the arrival of COVID-19 in Canada, not only has L3 changed its upcoming workshop planned to be held in Halifax, Nova Scotia to an online format, but it has begun expanding its entire impact strategy.

Every Friday at 1pm EDT, L3 convenes an open discussion to source insights and ideas around social acquisitions and conversions of small businesses in Canada. This is a recap of last week's Huddle (March 27).

Should we be doing business as usual?