Recent statistics on business generational transfers follow a 30-13-3 rule – 30% of family owned companies are successfully transferred to the second generation, 13% to the third and only 3% to the fourth. If success and longevity go hand-in-hand, these numbers may seem disconcerting.
Selling your business is a big decision, and the timing of this decision can make more of an impact on the outcome of your transaction than you might realize. So, is now a good time to sell your business? In our opinion, not yet.