With 10,000 Baby Boomers retiring every day and that generation owning 40% of U.S. businesses, there are a lot of existing businesses available for purchase. However, capital post-pandemic is more expensive and very tight. The Small Business Administration recognized this and made some recent and welcome changes to its loan […]
John Addessi
2 posts
Two significant trends are evident in entrepreneurship at present: post-pandemic, Americans are starting businesses at a record rate and the “Silver Tsunami” of Baby Boomer-owned businesses is already here as that generation begins to retire. The numbers are astounding. Business Insider notes that “Americans filed 5.1 million new business applications in 2022, […]