Part 8/9:
- Apprenticeship Paths: Sanchez mentions an emerging trend where aspiring buyers work with existing owners as apprentices, gradually taking over operations without immediate financial outlays.
The Future of Small Business Acquisition
The looming retirement of baby boomers presents a sizeable opportunity. Many established small business owners are looking to exit without a clear succession plan, leaving a gap that younger generations are poised to fill. Sanchez cautions that many small businesses are naively perceived as undesirable simply because they lack the "sexy" appeal of trendy startups, yet their potential for generating reliable revenue should not be overlooked.