As a Baby Boomer business owner, you suddenly find yourself facing decisions that once seemed impossibly far down the road. You probably never sat down and proactively planned your own exit from the company you worked so hard to create. Too many baby boomer business owners are losing out on millions in potential exit proceeds from being well prepared to sell.

Perhaps our biggest takeaway is a shift from Boomer owners who often have a singular passion for their business to Gen X, Millennials, and Gen Z who often see their business as one of many life passions.

What could this generational shift in private business ownership mean for your business?