Archive for January, 2013

Reconstructing Avery’s $10.4 Trillion in Business Transfers

Business Brokers Should Know SBA 7a Loan Business Acquisition Criteria

In an extensively quoted 2006 report titled: “The Ten Trillion Dollar Question: A Philanthropic Gameplan”, Robert Avery, an economist and demographer of Cornell University, allegedly estimated that $10.4 trillion of net worth will be transferred by the year 2040 by baby boomers. He is also quoted as indicating the majority of boomer wealth is held […]

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ATTN! Business Owners: Only 25% of businesses ever sell (How can we spread the news?)

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Attention, can I have your attention please? Business owners, please – your attention, please. Testing 1, 2, 3. Can you hear me? Hello, anybody out there listening? I have an important message to deliver. Please, can I have your attention? Business owners: whether you can hear me or not, here’s my message: Only 25% of […]

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