Younger business owners are planning exits much earlier than previous generations, viewing companies as temporary platforms for growth rather than lifelong careers. They expect to build, sell, and move to the next venture, treating acquisitions and sales as tools to increase value before exit.
So one of the biggest trends that we are seeing from an exit planning standpoint is the younger business owners are more open to exit planning and willing to do that earlier than your older business owners. That can be attributed to several different factors, but one of them is that, you know, younger business owners Many times aren't looking at their business as a long-term career. We'll see turnover, right, where they might want to, you know, work in a business for a little while, sell it, do something different, and increase value through business acquisition and sales. So that's one of the largest, probably most impactful trends that the exit planning space is seeing currently.
How Can You Maximize Your Business Value Before Selling? with Randy Katz Video
