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The Business Transition Crisis-and What to Do About It

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Baby Boomers are reaching retirement age. Many of the 10,000 people turning 65 each day own businesses. Their companies usually are their largest asset-and not a liquid one. In addition, many owners aren’t prepared to retire-and their businesses aren’t ready to transition to the next leader. That means these people need to consider short- to intermediate-term planning right now.

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