2ndWind – Inclusive Ownership Transition for SMBs

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In the US, there are 70 million baby boomers who own 2.34 million Small and Medium Businesses (SMBs) in the country, employing more than 25 million people. Small businesses are the backbone of the American economy and have generated 64% of new jobs annually. Unfortunately, up to 70% of current owners will not be able to sell their businesses when they are ready. The large number of retiring owners, coupled with the uncertainty of successful exits, poses a threat to millions of jobs and jeopardizes the owners’ safety net for a comfortable retirement. 2ndWind aims to create a more efficient platform to facilitate SMBs’ transitions, helping retiring owners achieve their retirement’s goals, whilst continuing the creation of job opportunities and prevent layoffs associated with SMB closures.