Multiple surveys over the last decade all show exactly the same result. About 85% of small business (5 to 20 employees) owners say that their exit plan is to sell to a third party.
Let’s do the math. There are currently over 3,000,000 small business owners over 55 years old in the USA. We can assume that by the time the youngest is 75, virtually all will have exited their businesses. That means an average of 150,000 businesses a year will transfer or close.
Exiting a Small Business #2 - Selling to a Third Party
Posted by cbrendlinger under ManagementFrom http://www.awakeat2oclock.com 1647 days ago
Made Hot by: mikehartman1 on October 27, 2019 1:28 pm
Who Voted for this Story
Subscribe
“Yes, it's quite the new term Martin. But it's been around for a while....”
“Automation is a broad topic but I like ConvertKit for emails and SocialBee...”
“Lisa: I have not heard about the expression, "engagement...”
“Adam: Do you have a favorite tool at the moment?...”
“Adam: I have to look into this issue in the near future... ;)...”
Comments