Wasted years: Kiwi business owners retire with nothing to show

Editor, SMEE - July 24, 2024

Up to half of Kiwi businesses—between 40 and 50 per cent—that go up for sale fail to find a buyer because of poor preparation, and the number may even be higher because a significant percentage of business owners shut the door and walk away, often from a lifetime of labour.   Bruce Cattell, CEO of New Zealand’s biggest business sales firm, Link Business Brokers, says the main culprit is that business owners get so caught up in doing the day-to-day that they fail to prepare for the fut...