Nonprofits Shift Baby Boomer Businesses to Worker Ownership in Bid for Community Sustainability

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From Nonprofit Quarterly: At NPQ, we have written about the growing prominence of employee ownership, but mostly from the perspective of the value of preserving businesses and jobs in the community. Still, these community benefits will only be realized if business owners agree to sell to their employees. So, what would drive a business owner to do […]

Why an Increasing Number of Retiring Entrepreneurs Are Selling the Business to Their Employees

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From Entrepreneur: Baby boomers own about half of all privately-held companies with employees in the United States. The 2.4 million business owners who belong to this aging demographic (one-third of whom have already passed 65) will need to develop sound and sensible exit strategies. As they look to the future, there is an elegant solution […]