After The Pitch
After The Pitch
Adrian T. Marable
ATP 69: Downfall of Searching for a Boomer Business
6 minutes Posted Oct 12, 2024 at 8:00 pm.
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Buying a baby boomer business might seem like a great opportunity, but it comes with some unique challenges. Let’s recap the three big ones: Aging workforce: You need to figure out if key employees are close to retirement and whether younger talent will be willing to join or stay with the company.Stubborn sellers: Be prepared for some emotional attachment and sellers who refuse to negotiate, even if it means they’d rather close the business than accept a lower offer.Outdated operations: Some ...