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Friday, 25 July 2008
 
 

Business Valuation: Baby Boomer Business Owners Tipping the Scales?

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Business Valuation: Baby Boomer Business Owners Tipping the Scales?

There are 78 million Baby Boomers in the United States (ages 44 - 62); nearly 7 million of those claim to own a business. As these social leaders plan for retirement and their 'golden years', how do they exit their business? According to the Family Firm Institute, nearly 70% of all family owned businesses will NOT be passed down to the next generation as their children have pursued other careers. A pending flood of businesses for sale is on the horizon, which could lead supply exceeding demand and lower valuations. Baby Boom business owners who plan to sell their business must start planning and/or executing their exit strategies in the immediate future.
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