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Challenge

1 in 3 of these businesses will successfully cash outAccording to an article published by Robert Avery of Cornell University in February 2006, “the majority of boomer wealth is held in 12 million privately owned businesses, of which more than 70% are expected to change hands in the next 10 to 15 years.”

Mr. Avery further asserts that only 1 in 3 of these businesses will successfully "cash out", because of a fundamental oversupply of opportunities and because of a relative undersupply of liquid capital. If the fundamental laws of risk and reward prevail, only the least risky and most profitable businesses will transfer successfully, and, most often, the least prepared will be the ones left out.

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