Gregory Kovsky joins the show to discuss small business owner secrets and the evolving market for buying and selling private businesses. He explained how the "silver tsunami" of retiring baby boomer business owners is creating a surge in businesses for sale, while strong buyer demand from entrepreneurs, private equity firms, family offices, and acquisition-minded companies continues to support the market. We explore business succession planning, SBA financing, valuation methods, tax strategies, and the role of commercial real estate in business sales. Gregory also shared insights into how private equity is reshaping the marketplace, the importance of considering employees and legacy alongside sale price, and the realities of entrepreneurship. Today we discuss... 

• How the retiring baby boomer generation is creating a wave of business sales known as the "silver tsunami."
• Why many family businesses are sold rather than passed to the next generation.
• How SBA financing makes business ownership accessible with relatively little upfront capital.
• The strong demand for private businesses from entrepreneurs, private equity firms, family offices, and strategic buyers.
• The realities of entrepreneurship and why owning a business requires far more time and commitment than many people expect.
• How staffing challenges and employee turnover are common reasons business owners decide to sell.
• How private equity is influencing the small business market and the importance of evaluating buyers beyond just the purchase price.
• How commercial real estate factors into many business transactions and retirement planning strategies.
• Several tax strategies business owners may use to reduce taxes when selling their companies.
• How business valuations are determined using EBITDA, growth potential, industry trends, and market multiples.
• Concerns about inflated private equity valuations and the challenges firms face exiting investments.