KRTL BioTech

As baby boomers retire, Main Street could face a tsunami of change

As baby boomers retire, Main Street could face a tsunami of change

Baby boomer business owners are retiring in record numbers, fueling a dramatic paradigm shift on Main Street. Boomers own 2.34 million small businesses in the U.S., employing more than 25 million people. Many are at a crossroads and need to determine if they will be selling their business or passing it on to a successor.