Third Quarter 2022 2021 was a significant year for business owners who chose to exit via a sale of their privately held businesses. The government’s response to the COVID-19 pandemic pumped billions of dollars into the economy, helping to drive a robust mergers and acquisitions market led by aging baby boomers preparing to retire and concerned about the prospect that the Biden administration was potentially eliminating the favorable capital gains tax. This article is written to provide an exit planning market update following this historic M&A cycle against some economic headwinds and challenges in today’s market. The article focuses on…
-
-
The Future of Main Street Business Succession In 2001, veteran investment banker, Peter Christman, first identified the need for a holistic approach to preparing owners of midmarket businesses for sale and/or exit. He set about writing a book to address this. At the time, the first Baby Boomer was 56 years of age. Those Baby Boomers are now not so young. In this article, the author shares his impression of the challenges Main Street business owners and business succession advisors face developing a plan and executing the exit plan. A Brief History Depending on how you mark the start date,…
-
Delay at Your Peril In this article, the author, a business broker, shares his views on how the coming retirement of business owners will impact business owners themselves and what business owners should consider when meeting with a prospective business broker.
-
2016 Saw Record Number of Small Businesses Sold The 7,842 closed deals in 2016 were a record high for business sales, according to BizBuySell. Gene Marks, Marks Group owner, explains that the factors driving the trend were strong business performance, low interest rates, and owners’ desire to retire. To read the full article in The Washington Post, click: A Record Number of Small Business Owners are Selling Their Companies.
-
The workplace is exciting and ever-changing. Think about the evolution from your parent’s jobs to yours. Landon Dowdy, Reporter for CNBC, examines how the next generation will transform it once again. Find out more on the CNBC article, click: How millennials will reshape the workplace.
-
Wave of boomers fuel business acquisition market This article examines the upswing in the business acquisition market as holdouts from 2009 and 2010 are freed up, as well as the increasing number of baby boomers looking to move into the next phase of life.