Baby Boomers are Driving the “Perfect Storm”

If you are considering selling your business within the next 8 years, please take a few minutes to review this article – “There’s a Perfect Storm Approaching for Exiting Business Owners”, it may be one of the best investments of your time you make in your business this year.

What’s all of the talk about Baby Boomers?

For every day for the next 18 years, 8,000 Baby Boomers will turn 65 years of age. This demographic includes the owners of over 4.2 million businesses within the United States. This “age wave” will fuel a huge shift in the industry – transforming the current seller’s market to a buyer’s market.

Why does this matter?

This article suggests the window for sellers is only 3 years. Once the balance shifts from the current seller’s market to a buyer’s market only the top 10% of businesses for sale will get transacted! It is crucial to be knowledgeable about the market, especially if yours is retirement-specific exit strategy. Timing is key in the sale of a business, and the time to start planning is now.

For more details about how Baby Boomers will play a large role in the shift of fthe industry, please read “There’s a Perfect Storm Approaching for Exiting Business Owners”. This article, provided by Axial, a leader in providing M&A technology and transaction data, gives statistics and observations to explain the upcoming economical changes that will be important for companies across the country. An outline of key steps are also included to help get you started in the planning of your exit strategy.

As Experts and professionals in the M&A industry, Sunbelt Business Advisors of Southwest Ohio are always available for a no-cost, no-obligation meeting to discuss your current situation and desired outcome.

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