Dealing with Age

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“The secret of staying young is to live honestly, eat slowly, and just not think about your age.” — Lucille Ball

While the idea of “just not thinking” about getting older may help to maintain a positive attitude, aging is a topic requiring serious consideration for business owners.  While there are stories of individuals successfully operating companies into their 70’s, 80’s, and even 90’s, there are also situations where businesses have suffered as their owners grew older.

Despite their valuable years of experience, other factors can work against older business owners when it comes to competing in today’s marketplace.  Often senior business owners have difficulty maintaining the energy and enthusiasm necessary to keep up with industry changes, technology, and new approaches to marketing and sales.  It’s not that they can’t keep up – they just don’t have the same drive they had when they were younger.

In most cases, as the owner’s energy level decreases so do profits and the company’s overall value.  The prudent business decision could have been to sell the company before it reached that point.  When you decide you’re ready to explore your options in this matter, Kasper & Associates can help.  

Since 1984, Kasper & Associates has specialized in assisting owners of all ages by facilitating the sale of medium-sized manufacturing, distribution, and service businesses with annual revenues from $1,000,000 to $70,000,000.  Having completed over 300 transactions, K&A professionals are eminently qualified to assure that companies sell  (1) at a higher selling price and better terms, (2) in a shorter period of time, and (3) in a more confidential manner than business owners can accomplish on their own.  Contact Kasper & Associates to discuss the process involved in selling your business.

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