Will we see a “business exit tsunami” as baby boomer business owners head towards retirement? If so, what will the implications be for the business sector and the community generally?
The Australian Productivity Commission has had an excellent opportunity to consider these issues during its inquiry into Business Set-up, Transfer and Closure. Unfortunately the Commission only looked briefly at the issues.
Here’s our submission to the Commission and our take on the issues. I’d be keen to hear your thoughts.