Small Businesses Transitioning: The Great Boomer Business Sell-Off Underway
As more baby boomer entrepreneurs in the United States retire, a significant shift in small business ownership is taking place. The “silver tsunami” of boomers selling their businesses is not only a trend but a reality that is already in motion. Economic disruptions due to the pandemic, inflation, and higher interest rates have added further uncertainty to the situation, impacting both buyers and sellers in the small business market. According to a study from Forrester, …