Four million privately-held businesses stand to change hands over the next two decades as baby boomers, the largest group of owners of these companies, continue to retire. For a reported 75% of these owners, an exit plan is not in place. There’s one ownership transition few of these companies have thought about: finding a talented millennial, fresh out of business school, and putting him or her in charge. But believe it or not, this is an increasingly appealing option.
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