Canadian Accountants Say Two-Thirds SME Business Owners Retire Next Decade: I Say Buy a Business!
I raised this issue back in 2005 when I published my book, Tips and Traps When Buying a Business and wrote Don't Start a Business, Buy a Business.
The CA's are selling a book on Succession Planning. I have ordered it and plan on writing a review of their book here.
Two-thirds of the SME business owners surveyed said that they plan to exit their business within the next ten years and slightly more than one third within the next five years. Yet over 50 per cent do not have a succession plan to manage their exit as they near retirement, the Canadian Institute of Chartered Accountants (CICA) said today. Via CICA
You can read all my articles on buying a business or visit my Buying a Business podcast.