Babyboomers Leaving us their Businesses?
My post about having a good exit strategy attracted the interest of a consulting company interested in letting my readers take a survey. They raised an interesting point that there is an increasing number of babyboomers out there that have many small and medium sized businesses but don’t have a proper plan for succession. Does that mean that there will be chances for us young folks to quickly take the reins as they retire?
Here’s what they had to say:
There is a potential impending crisis that is being driven by the aging of the baby boomers. Within the next 10 years, close to 2 out of every 3 small to medium sized enterprises (SMEs), will be transferred as the baby boomer owners look to cash out. On top of this, we will also have the many non-owner boomers who will be exiting from the workforce at the same time.
There are many unanswered questions for Small and Medium-Sized businesses on how and when to exit their businesses. ROCG, a Global Consulting Group, is trying to better understand the severity of the hurdles and challenges you will soon be facing in order to identify potential patterns that lead a business transition to either a successful outcome or to one of failure.
With that in mind, we would greatly appreciate a few minutes of your time to participate in our international survey. ROCG is committed to maintaining the privacy of its clients and participants.
To take the survey, please click on the following link - http://www.business-transition
We want to ensure you of our commitment to providing the highest level of professional service in this area and look forward to your participation in the survey. Thank you for your participation in the survey.
Warm regards,
ROCG Consulting Group
Have you seen any trend of an increasing number of businesses having to deal with succession issues?
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