How many white-haired business owners are there in your small town? Does that worry you?
It’s already happening. Older business owners are retiring and closing businesses because they can’t find buyers. Universities and business support agencies are scrambling to set up succession planning courses and workshops. Chambers of commerce are making desperate efforts to find buyers. But there’s an unusual option most people overlook: employee ownership.
If the business is big enough to have employees, it’s a candidate for employee ownership. There are other benefits besides continuity. There’s increased employee involvement, spreading of economic opportunity, and a future that doesn’t depend on one owner.
Learn all the basics and many options for how to get there at this introduction to employee ownership from the National Center for Employee Ownership.
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