5 Stats About Selling Your Business, You Absolutely Must know

• Over 75% of Canadian small and medium business owners plan to sell within the next 10 years.
• As the baby-boomer generation rapidly approaches retirement, less than 10% of Canadian small and medium business owners have a formal exit or succession plan in place.
• Over 82% of Canadian small and medium business owners expect the sale of their business to fund their retirement.
• Over 55% of Canadian small and medium business owners are having difficulty finding a suitable buyer who can even finance the purchase.
• Over 67% of Canadian small and medium business owners are over 50 years of age.

These alarming statistics were generated by a survey by Canadian Federation of Independent Business researchers Doug Bruce and Queenie Wong in the 2012 report Passing on the Business to the Next Generation.