Small Biz Ahead
A Podcast By Small Business Owners, For Small Business Owners
1 year ago

3 Important Steps for Succession Planning

Episode Notes

Hey everybody, this is Gene Marks. Welcome to this week's episode of the Hartford Small Biz Ahead Podcast. Thank you so much for joining me. On this podcast, I take different, issues and things where I can give some advice and kind of help and there's a big thing that I think impacts a lot of business owners, probably you as well. That has to do with succession planning and exiting your business. The Small Business Administration in a recent research study reported that more than half of business owners in the United States are over the age of 50 years old. And not only that, but like the average age of the U.S. small business owner is 55 years old. So, we old. More importantly though, we're getting older and a lot of, like myself, a lot of my clients were, were kind of thinking of that whole succession planning deal.

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