For many years, experts have been predicting that Baby Boomers (around 72 million Americans) would over the course of the following two decades, begin to sell or bequeath some $10 trillion worth of assets, held in over 12 million privately owned businesses, according to research by the California Association of Business Brokers. Research suggests that as much as 70% of these firms will either be sold or bequeathed. Clearly, this suggests an increase in the average annual number of businesses sold in the United States.
Many of these sales may occur within the Baby Boomer cohort, who, statistics tell us, form businesses at higher rates than any other cohort in America.…
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