Small Business Boomers

If tough financial times have made you sick and tired of the  grind  of having your own business, maybe you’re ready to sell.  But selling may not be the best option; you should consider the whole picture.
I recently read a book titled Exiting Your Business Protecting Your Wealth by John Leonetti and I talked with Mr. Leonetti about how Baby Boomer business owners can exit their businesses gracefully while getting the maximum value for all their hard work. I’ll be sharing some of his thoughts today and tomorrow.
How do Baby Boomer business owners assure that they get the highest value …read more

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Over on Long Island, over 25% of the population is over 55.  That’s a lot of boomers out there.  And a recent story in the Long Island Business News reports that many are cashing out- selling their businesses – either because of the economy or age.
One of the reasons stated was the rising cost of running a business.  So my question is, how could a new business owner spend LESS on running the business and why would they buy a business now?  If the reason for selling is age, that makes sense, but not costs.  Or am I missing something?

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