As more US business owners retire many are selling up to their staff
Some six million bosses of American firms will be entering retirement between now and 2035.
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As more US business owners retire many are selling up to their staffJust nowShareSaveAdd as preferred on GoogleChris MarshallBusiness reporterSoftstar ShoesStaff at Software Shoes in Oregon now own the businessStaff at Softstar Shoes in Oregon have discovered a newfound enthusiasm for eking out resources and growing profits.It started in January when the shoemaker became owned by its 30-strong workforce.Former sole owner and chief executive Tricia Salcido had decided to sell the business to the employees, because at age 56 she is starting to plan for her future retirement.Salcido, who for next few years is staying on as chief financial officer, says that colleagues are now offering lots of suggestions for how to best run aspects of the business."I'm getting personal emails from employees…
Excerpt limited to ~120 words for fair-use compliance. The full article is at BBC News — Business.