Mike Roach emphasized the importance of planning ahead for transition, stating that it's crucial to develop a thoughtful succession strategy well before retirement.
According to census data, over 51% of small business owners are over 55, highlighting the pressing need for effective exit strategies as they approach retirement.
The options for exiting a small business, whether passing to a family member or selling, require careful consideration of both personal goals and the business's health.
Taylor Trapani noted that taking the time to create a solid succession plan can ensure a smoother transition for business owners looking to retire.
Collection
[
|
...
]