dBusinessNews Cincinnati:
As the economy remains uncertain, baby-boomer small business owners, ages 46 to 64, across North America are delaying the process of selling their business, despite national statistics showing otherwise.
A recent study by PriceWaterhouseCoopers reported that one out of two small to large businesses will change hands between 2006 and 2016. However, a survey conducted by The Growth Coach, a national franchise of small business coaches, indicates that the recession has caused many small business owners, claiming sales revenue under $5 million and less than 100 employees, to push back their selling plans and delay retirement. This is due to the negative impact degraded business performance will have on the near-term selling price of their business.
According to the survey results, nearly 50 percent of The Growth Coach business coaches that responded to the survey report that the recession has delayed their baby boomer small business client’s plans to sell their business. They further reported that additionally, less than 10 percent of baby boomer small business owners are planning to sell their business in the next five years. That indicates the vast majority of small business owners are planning to delay an exit strategy until beyond 2015.
