For many entrepreneurs, their business represents the largest asset they own. A poorly planned exit can have significant implications for retirement security and generational wealth.
tsunami
tsunami
The Seller Tsunami: A Wave of Opportunity Amid Economic Challenges
In recent years, the business world has been abuzz with the anticipation of a “Seller Tsunami,” a predicted surge in business sales as Baby Boomer entrepreneurs retire. However, this wave has been slower to materialize than expected, largely due to various economic challenges that have shaped the landscape over the past 25 years. Economic Challenges […]
Seller Tsunami…yeah not so much
Entrepreneurs in my experience particularly the small Main Street businesses usually have bad financial planning and quite often go all in on get rich quick things like flipping houses etc. Risk, Hedging, diversity of portfolios all are singularly uncommon in my experience. Im not going to drill down on why but take note….2008 hit. It decimated many many Business owners who had either all their money in their business or had bought real estate which collapsed.