08/02/2023
📢 Attention Central Alabama Small Business Owners: It is Time to Think About Selling Now!
Did you know that Baby Boomers currently own a staggering 2.34 million businesses across the country? Did you know an estimated 10,000 Baby Boomers retire each day?
If you're a small business owner, it's crucial to start thinking about your succession plan sooner rather than later. Here's why:
📈 The Wealth Transfer Challenge: The impending retirement of Baby Boomers means that a massive transfer of business ownership is about to take place. However, most small-medium size businesses fall into a tricky spot—they are too small for private equity deals, yet too big for most individual buyers. This scenario makes finding the right successor a complex and time-sensitive challenge.
💼 Act Now for a Bright Future: By taking action now, you position your business for a successful transfer of ownership. Avoid the rush, stress, and uncertainties that may come with waiting too long. Starting the process early gives you the time to carefully evaluate potential buyers and make the best decision for your business's future.
Tom is a Birmingham resident, Army veteran, former Chief Operating Officer and he is looking to acquire a succesful business. Tom appreciates your legacy and wants to make a positive impact on the community.
If you're a small business owner approaching retirement age, reach out to Tom at Creed Investments at [email protected]