Working a “9 to 5” is not for everyone, but fortunately, an alternative career choice exists. Entrepreneurship through acquisition, or ETA, is for those who want to become their own boss by purchasing and operating a small business.
Ten thousand baby boomers retire daily, and roughly 40 percent of small businesses are owned by the baby boomer generation. As baby boomers retire, many family-owned businesses do not have a transition plan in place. Business owners’ children may not want to take over the family business as they have independently established careers, and finding someone else to operate the business can be challenging. As a result, many small businesses are prepared to sell to the right buyer, which provides aspiring business owners ample opportunity to pursue an ETA career path.