In the past year, there has been a noticeable shift among SME owners, with a significant increase in those looking to sell their business, driven primarily by personal circumstances.
The motivations for selling have changed, with health issues and personal interests now leading reasons, compared to retirement concerns that dominated the previous year.
Despite the prevailing economic challenges, a considerable number of business owners are still optimistic about scaling their operations, underscoring resilience in this sector.
Christine Ross emphasized the potential impact of forthcoming tax changes, which may be influencing entrepreneurs' decisions to reassess their future plans and consider selling.
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