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Australia's trillion-dollar succession problem nobody's talking about
Summary by Dynamic Business
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Australia's trillion-dollar succession problem nobody's talking about
Nearly half of boomer business owners plan to exit within five years, yet only 24% have succession plans ready for transfer. What’s happening: Research reveals 48% of Baby Boomer business owners plan to exit within five years, yet only 24% of SMEs have succession plans, creating a massive generational transfer challenge. Why this matters: With 75% of Gen Z considering business ownership and retiring boomers needing exit strategies, this generati…
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