Promoting Business Longevity With Succession Planning

Founder and principal of Keller Augusta , a national, full-service search and advisory firm specializing in commercial real estate. getty The United States has long been the land of opportunity, with rumors among early immigrants to Ellis Island that American streets were "paved with gold." For many, making the "American dream" come true meant hard work and an entrepreneurial spirit. Fast forward many years and much of the American workforce has cultivated a feeling of independence. This is partially a result of the pandemic, as we shifted to an extended period of work-from-home and today’s hybrid work schedules. I think we’ve all felt that moment when we were on our own and making decisions while our colleagues couldn’t access a Zoom call due to internet issues or a screaming baby had them muted on a call. The American dream realized! All kidding aside, before the pandemic, during the pandemic and as we enter the next phase—possibly a recession—demand for talent has consistently outpaced supply. The next couple of years mark a milestone phase of demographics: the youngest Baby Boomers will turn 60 years old soon. With the average retirement year in the United States at 61, the departure of […]

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