June 2007 — PRINT EDITION             Planning for success Two-thirds of small-business owners plan to exit their businesses over the next 10 years, but only 10% have a plan in place to sell or wind down their operations. Owners can save themselves a lot of headaches if they take time to prepare for their eventual exit Tale of a sale Before selling the business, which was part of the family for 49 years, CA Garth Stephanson thought getting the highest possible price was most important. It didn’t take him long to learn that he was wrong, so wrong     People Is it any wonder Stephen Johnston was dubbed King of Aces? The CA holds the Canadian record for sinking a golf ball with a single swing, deals with golf’s movers and shakers and is considered a top powerbroker in the sport in Canada     News and trends   •  Financial MySpace the next online trend?   •  News from the profession   •  Standards digest     Numbers game       Ask an expert How to protect the data on your laptop     Bits & Bites   •  Tipping the scales   •  Thanks, SOX   •  Now that's an ROI   •  Toronto the new New York?   •  Asia breaks glass ceiling     Value added   •  Business travel survey roundup Technology might be bringing down borders, but it’s certainly not doing the same for travel expenses. If anything, business travel is on the upswing, according to a recent CAmagazine survey.     Findings What’s your plan?     Going concern Marie Mullally, FCA, President & CEO, Nova Scotia Gaming Corp.       Taxation Sorting out the tax fairness plan: as a result of the government’s new measures, many income funds mayconvert back to corporate form     Personal financial planning The benefits of giving: as more Canadians yearn to make a difference, a trusted adviser can help direct them to leaving a legacy     Technology The virtual reality: virtualization isn’t new, but it is becoming more prevalent and has implications for servers, user PCs and applications     Legal issues Manage risks, avoid pitfalls: appropriate policies are needed to manage, preserve and destroy e-documents     Business adviser Creating a governance system: boards may not be standard in a family-owned business, but with the interest in governance issues, they’re more common     Letters to the editor From the editor The road to succession success Netwatch Is Windows past its prime? A better way to flowchart Before you give up on flowcharting, try the new technique called swimlane. It’s both easy to understand and apply. Outlook First, let’s kill all the lawyers