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SignalFrameworks
SignalFrameworks presents

The
Signal

A magazine about what businesses communicate before anyone speaks to them—and the systems determining what happens next.

Current issue · Perception / Systems / Ownership / Long-term value
Commentary

Most of the Five Trillion Dollars Will Never Change Hands

McKinsey says five trillion dollars of boomer-owned businesses will come up for sale in the next decade. The number worth your attention is smaller and much less comfortable: 92 percent of exits end in closure, not a sale.

The Signal

The $10 Trillion Exit Nobody Is Talking About

Over the next decade, roughly 12 million small and mid-sized businesses will need to change hands. The estimated value is north of $10 trillion. Most of it will not make it.