From the Central New York Business Journal:
With more than 50 percent of all businesses with employees currently in ownership hands of the Baby Boomer Generation, our society is poised to experience on of the greatest transfers of capital ever. In New York State alone that translates to 181,370 businesses employing 1.6 million people…
The fact that “they wish to pass the traditions while everything runs efficiently and wonderfully” would seem to speak to passing it on to those who know those traditions and efficiency the best – the employees.
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