66% of all companies in the U.S. are owned by Baby Boomers (currently, age 67 or older), who are retiring at a very rapid rate right now.

A study by UNC's Business School shows over half of these business owners may not pass on strong business legacies because they’re failing to account for a 'brain drain'.63% of all businesses run by Baby Boomers have admitted to not accounting for the impending brain drain (which includes themselves!). As a result, they will be at risk of:

• Not getting the price they wanted for the business when they’re ready to sell.
• Set the business up for failure upon their departure.

A Surge Of Boomer-Run Businesses for Sale = Hurt Owner’s Legacies

Data shows Baby Boomers that don't prepare the right exit strategy at the right time will suffer. The sheer volume of Baby Boomer businesses is going to heavily impact the sale of these companies. Some statistics that speak to this include:

• Ten TRILLION dollars worth of businesses will change hands by 2025, according to several experts.
• An estimated 65% to 75% of small companies in the U.S.--some 10 million--will likely hang up a “for sale” sign during the next 5-10 years, according to magazine.
• Research from the Pew Research Center indicates that the oldest of America's baby boomer generation started turning 65 on January 1, 2011, at a rate of 10,000 people a day -- a trend that will last for the next 19 years.

Building a business and selling one are two different things. Not prepping properly for the exit results in more than a few owners disappointed and with lack-luster business legacies.

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