Our nation finds itself at the tail end of the longest period of economic expansion in its history, with the path to business ownership made easier through lower interest rates and strong financials. Even with that said, only 20% of privately held (30% of family businesses) successfully transact a sale or transition...and of those that do; roughly half only do so after making concessions on price and/or terms.
The numbers are staggering - "Baby Boomers" own roughly half of American businesses - nearly 5 million of them. Of those surveyed, approximately 3 in 4 want to sell their business in the next 10 years. This will mean a very significant increase in the number of business owners competing for a limited pool of buyers and capital. The net result? Buyers will have more choices and will select from those businesses best positioned for continued success. Will yours be among them? You'll first have to answer the question... Is Your Biz "Leavable"?
"Luck is What Happens When Preparation Meets Opportunity" -Seneca
Successfully exiting your business isn't an event, it's a journey - one that shouldn't be left to chance. Collaborating with an experienced team and network of professionals and using a proven process, we help owners to reap the harvest of what they've sown into their life's work. In this way, we empower our clients to enter their next chapter on their terms. Whenever a business owner is able to sell a business, they're passing the torch and a vibrant business to a new generation of entrepreneurs pursuing their dreams; while enjoying the realization of their own. Click below for a no-cost consultation to learn how we can help you to incorporate value acceleration, exit, and succession planning into your overall business strategy to make such dreams a reality.
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