A significant number of businesses are facing succession challenges as baby boomers retire, with McKinsey estimating millions of small and medium businesses will transition ownership by 2035. Many owners are hesitant to sell to traditional buyers due to concerns about legacy and employee impact. Steward ownership models, which prioritize mission and community over speculative takeovers, are emerging as an alternative. Examples like Optimax, Newman's Own, and The Walker Group demonstrate how these structures can ensure long-term viability and benefit employees and communities. AI
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RANK_REASON Discusses a significant trend in business succession planning and the emergence of alternative ownership models. [lever_c_demoted from significant: ic=1 ai=0.1]
