
Succession Planning and the Small Business Owner
According to the U.S. Small Business Administration, over 50 percent of all small-business owners are 50 or older. Think about that for a moment, that number means more than half of the 28 million small businesses in the United States are owned by individuals that either need to start thinking about or are getting ready to transition out. A CNBC and Financial Planning Association survey discovered that 78 percent of small-business owners plan to sell their business to fund th