- July 22, 2021
- Posted by: Stratford Team
- Category: Business
U.S. small businesses were among the hardest hit by the pandemic. Many were shut down by state and local governments while their employees were displaced, and their customers barred from entry. Meanwhile, their business was diverted to “essential” big box stores and Amazon and their supply and distribution chains were disrupted. Now, small businesses are also struggling because they must compete with the federal government’s enhanced unemployment benefits to re-engage workers.
Small businesses need to grow, consolidate, and restructure to recover from the challenges that have been exacerbated by the pandemic. Our Baby Boomer entrepreneurs need successors, rather than closing their doors and forcing employees into unemployment lines. We must level the playing field that gives unfair advantages to “the big guys.” But how?
Merger and acquisition (M&A) advisors and business brokers (M&A brokers) perform critical roles in preparing privately held…