The Quiet Revolution in Business Succession The Great Wealth Transfer is underway, with six million small and medium businesses expected to shut down or transition ownership by 2035, leaving a $5 trillion question mark hanging over their futures.
But amidst this uncertainty, a quiet revolution is brewing. A growing number of business owners are choosing to redefine the very notion of succession, opting for stewardship over sale.
At its core, steward ownership is about creating a lasting impact on communities and employees, rather than just preserving legacy or maximizing profits.