It made sense when consultant Julie Keyes said last week that the coronavirus pandemic has disrupted the plans of baby boomers who had hoped to sell their businesses. After all, it s disrupted nearly everything else.
The surprising thing was hearing that the boomers aren t necessarily delaying their plans, to let their business recover in a normal economy before selling. Instead many want out now.
The details of their stories are all different, Keyes said, but a common theme is how these business owners doubt they have enough strength left to own and manage a business through another crisis.
They just want to live and enjoy their lives before some other risk emerges. They are kind of waiting for the hammer to drop, she said.