LARAMIE, Wyo., Sept. 17 -- The University of Wyoming issued the following news release:
An occasional look at issues facing Wyoming business owners and entrepreneurs from
the Wyoming Small Business Development Center (SBDC) Network, a collection of business
assistance programs at the University of Wyoming.
By Steen Stovall, regional director for Converse, Natrona, Niobrara and Platte counties,
Wyoming SBDC Network
As many Wyoming business owners approach retirement, the state faces a major business
succession challenge. Baby Boomers own nearly half of all privately held U.S. businesses,
and many plan to retire within the next decade. Yet, fewer than 15 percent have a
formal exit plan, putting many businesses -- and local jobs -- at r...