Republished from The Age, Monday 23 March 2015 - Adam Courtenay
If you are in your 50s and 60s and trying to sell your small business, join the ever-lengthening queue. Never before have so many tried to sell so many nest eggs at such short notice.
There are a record 41,200 businesses for sale across Australia as at October 2014, the BizExchange Index shows; a 23 per cent rise on the preceding quarter.
Many point the finger at one group: ageing business owners. There's an oversupply of desperate "seniorpreneurs" flooding the market with the nest egg they created and nurtured over 30 years.