15 May The ‘Silver Tsunami’: a massive change in private business ownership is on its way
Baby boomers, the generation born immediately following World War II, are getting old. Many of them are small business owners and, over the next few years, are likely looking to wind things down, play a little golf, move to Florida, spend more time with the grandchildren…and exit their businesses. Some are calling it the “Silver Tsunami” – a massive shift in ownership of private companies. That could be very good for the boomers. But it may not be so good for their employees.