Boomer business

Commentary July 22, 2008 at 08:00 PM
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  • 96% – Percentage of boomer business owners who think succession planning is important, however, 87 percent do not have a written plan.
  • 7.7 – Average number of years left before exit.
  • 53% – Percentage of boomer business owners who intend to sell their business in the next 10 years.
  • 55% – Percentage of boomers who will sell their business to a third party; 20 percent will sell to employees.

Source: White Horse Advisors