Blog Library

BTA Business Transition Market Pulse: Retiring Baby Boomers and Rising Revenues Fuel Record Small Business Sales

Posted by Jane Johnson on Tue, Jul, 31, 2018 @ 09:56 AM

The Details:

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Topics: baby boomer retirement, baby boomer business owners, baby boomer businesses, bizbuysell, business transition plan

Warren Buffet, Mortality, and the Importance of Succession Planning

Posted by Jane Johnson on Wed, Feb, 07, 2018 @ 04:37 PM

 

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Topics: succession plan, warren buffett, baby boomer retirement, aging CEO, Grooming a successor, choosing a sucessor, baby boomer businesses, baby boomer business owner

Baby-Boomer Business Owners Are Still Not Planning

Posted by Jane Johnson on Tue, Jun, 20, 2017 @ 02:03 PM

When you consider that the majority of business owners are baby-boomers, it's surprising that only around 40% of them have a business transition plan in place, according to a recent report from RBC Wealth Management Services

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Topics: business transition planning, business transition plan, baby boomer business owners, baby boomer businesses, succession planning, estate planning

Seven Secrets for Business Ownership Transition Success

Posted by Kathy Richardson-Mauro on Tue, Nov, 03, 2015 @ 01:34 PM

There are many factors that contribute to a successful business transition. Here are seven key areas that owners need to understand and address that can help lead to a positive transition experience. This takes time, but it is worth the effort. When it comes to planning for the future of your business, your family and your retirement, there are no shortcuts to success.

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Topics: baby boomer businesses, business transfer, business transition, business ownership transition, selling your business successfully, business ownership transition success

When Is the Right Time to Sell Your Business? It Might be Now!

Posted by Kathy Richardson-Mauro on Tue, Aug, 18, 2015 @ 09:49 AM

Many business owners have the mistaken idea that retiring from their business will be a relatively simple process – they’ll just find a buyer when they’re ready to retire and live of the proceeds of the sale for the rest of their lives. In an ideal world this would be true. Unfortunately, the reality is much different. Except in rare circumstances, business owners cannot simply pick an age at which they want to sell or retire. There are number of things they have to be cognizant of, such as:

  • Whether or not their business is in good enough shape to be sold
  • The market for business transfers 
  • The impact of anticipated market factors, such as the number of baby-boomers who are looking to sell their businesses over the next decade

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Topics: baby boomer businesses, selling your business, when should I sell my business

How Small Business Can Replicate the Big Business Seller's Advantage in Today's Market

Posted by Kathy Richardson-Mauro on Tue, Apr, 21, 2015 @ 09:39 AM

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Topics: Business Ownership Transition Planning, business owner transition, sell your business, baby boomer businesses, sale of a business, Why Most Small Businesses Don't Work and What

If Your Business Is Your Largest Asset, It’s Time to Diversify

Posted by Jane Johnson on Fri, Apr, 03, 2015 @ 09:10 AM

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Topics: business owner transition, baby boomer businesses, business owner

Develop a Contingency Plan - Ensure That Your Business Can Go On Without You

Posted by Jane Johnson on Thu, Mar, 26, 2015 @ 10:00 AM

Have you developed a contingency plan for your business in case you die or become disabled? This is critically important. How many families and incomes would be affected if something happened to you tomorrow? How would your business function without you? Is there a written and realistic plan in place so that your management team and family could keep the business prospering?

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Topics: Business Ownership Transition Planning, business owner transition, business ownership, baby boomer businesses, business owner, contingency plan

Is Your Business Your Personal Piggy Bank?

Posted by Jane Johnson on Tue, Mar, 17, 2015 @ 10:01 AM

 

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Topics: business transitions, exit planning, business owner transition, baby boomers, baby boomer businesses, exit plan, business owner

Why Business Transition Planning Is More Important Than You Think

Posted by Kathy Richardson-Mauro on Wed, Aug, 27, 2014 @ 10:03 AM

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Topics: baby boomer businesses, business transitions, business owner transition, sell your business, business transfer