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It is well known that only 20% of small businesses that go to market sell, and the Silver Tsunami, that giant wave of baby boomer business owners who want to retire, makes the problem worse. Most of these businesses won’t sell, and they will be shut down.
Who is hurt if the company shuts down?
The business owner can’t access most of their net worth.
The employees are out of a job.
The community loses a major asset.
Does the business need to be shut down? Consider this: The company has customers, revenues, trained staff, systems, channels of distribution and an infrastructure and ecosystem that