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The Succession Crisis of Montana Baby Boomer Businesses

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September 24, 2018View for printing

A crisis is brewing in Montana and across the country for business owners in their 60s and 70s. More and more baby boomers are facing a stark reality - no one wants take over their enterprises and the anticipated economic loss could reach well into the trillions of dollars.

by Michael Braun and Arnie Sherman

http://www.montanabusinessquarterly. ... businesses/

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MMEC senior business adviser Alistair Stewart earns Montana's first certified exit planning adviser designation to assist business owners in the transition to new ownership. http://www.matr.net/article-72283.html

How to sell your small business - Resources in Montana to assist. http://www.matr.net/article-72377.html

Four Questions to Ask a Business Broker http://www.matr.net/article-46910.html


Reader Comments:




Before you simply close the doors and sell the inventory, please consider the alternatives available. You've spent a career building a reputation and cultivating good will that is valuable.

There are resources that can help you evaluate what can be done before you ride off into the sunset.

If you are a business broker, consultant in this area or know of resources that can assist business owners, please add the information here as a comment or send me an email and I'll post on MATR.

If you have a Montana company that is for sale or you anticipate it being available, please post it here to begin to explore next steps.

Montana Businesses For Sale http://www.matr.net/news.phtml?cat_i ... es+For+Sale

Posting articles and events is a great way to promote your company or organization. MATR welcomes articles, events, job openings, resumes, comments and company listings from registered members http://www.matr.net/login.phtml (also free) After you've registered, just go to the upper right hand side of the home page to "My Account".


There are many who would like to buy your firm and carry on its work.

--Russ


The Blackstone LaunchPad at the University of Montana can help UM alums seeking to sell their business and also connect other business owners with MBAs or other students looking for a robust entrepreneurial journey. https://umt.edu/launchpad




Reprinted under the Fair Use doctrine of international copyright law. Full copyright retained by the original publication. In accordance with Title 17 U.S.C. Section 107, this material is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.


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