White Paper: OK, Boomer: With COVID-19, It’s Time to Dust Off That Resiliency Again

by J. Christopher Cuneo
April 16, 2020
Many of us who are active in the business transition planning space have been saying for years that a market change is coming and that Baby Boomer owners of lower middle-market businesses (with annual revenues between $5 million and $100 million) need to get their businesses positioned accordingly. Of course, a global pandemic wasn’t the change we had in mind. But that’s what we got.

Some Baby Boomer owners had started the business transition planning process only to find
now that a shift in Market Readiness has severely affected the anticipated end result of their plans. Others put off the business transition planning process. The “new reality” leads to the underlying question: Can disappointed Baby Boomer business owners muster the resilience required to create and implement a successful business transition plan and, if so, how?

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Copyright © 2020 by Ballard Spahr LLP.
(No claim to original U.S. government material.)

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