Insight 42 - Magazine - Page 16
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I
n an era characterised by seismic
shifts in the global economic
landscape, a remarkable
phenomenon is unfolding, one that
heralds the largest generational wealth
transfer in history. As the sun sets on the
careers of the baby-boomer generation,
a new dawn beckons for the young,
ambitious and visionary. At the heart of
this transition lies the vibrant domain
of Small and Medium-sized Enterprises
(SMEs), where opportunity knocks
louder than ever before.
A HISTORIC TRANSFER AWAITS
Picture this: over 75,000 companies
in the UK alone, each a testament to
the entrepreneurial spirit, boasting
revenues north of £1,000,000. Their
architects? A generation of business
16
"This burgeoning
wave of
entrepreneurs sees
not just companies,
but legacies ready for
a new chapter"
owners now on the cusp of retirement.
But this isn’t a narrative confined to the
British Isles. From the fjords of the Nordics
to the vibrant markets of the USA, and the
bustling economic landscapes of Germany
and Australia, this trend paints a global
bIZ4BIZ INSIGHT MAGAZINE | DECEMBER 2024
canvas. The baton is poised for passing,
but the question looms – who will take the
helm?
AN UNPREPARED LEGACY
A startling revelation by Wilmington Trust
sheds light on a critical gap – almost
60% of these privately-owned bastions
of industry lack a clear succession plan.
The foundation of their life’s work, their
companies, remain without a formal
valuation, an oversight that could lead to
untold losses in potential and opportunity.
ENTREPRENEURSHIP THROUGH
ACQUISITION: A NEW PARADIGM
Enter the bold and the brave, fuelled by
the pioneering ethos of “Entrepreneurship
Through Acquisition,” a movement
birthed in the hallowed halls of Harvard
