They pioneered rock’n’roll.
They were the first to embrace personal computers and the internet.
They demonstrated for civil rights including LGBTQIA+.
And as they age, they will continue to impact cultural change!
For business owners, the baby boomers will continue their impact as they continue to age. In fact, 76% of business owners plan to exit their businesses within the next 10 years; and 41% in the next 1-5 years.
And that means a significant impact on the business landscape. First, there will be huge opportunities to purchase small businesses. Secondly, the market may become flooded with owners wishing to sell – so more competition!
It’s funny, isn’t it? We spend years thinking about growing our businesses but do we prepare ourselves for the sale of our business AND do we build our businesses to maximize their value so we can sell them for maximum price?
In the new podcast series, The Art & Science of Exiting Your Business, we’ll explore some considerations of exiting; tips on how to maximize the value and a personal interview with a business owner who has sold her family business!
It all starts here this week on the Work Less PROFIT More podcast! Be sure to listen, share and subscribe!
YOU CAN DO THIS
P.S. What is Diana reading this week….. since I’m on vacation, I’m reading Harlan Cohen’s mystery series, Fade Away!