Since I was a young boy I have always been fond of the “things and stuff” that my parents had accumulated over the years. I should explain that my father was 58 years old when I was born; so much of his “stuff” was already approaching “antique-hood.” In my early 20’s I had the opportunity to travel on business to many countries around the world, and some of the more portable stuff went with me. At the same time I acquired more stuff.
Then came marriage and more acquisitions of stuff, which would one day go to the kids. Now 50 years later, much to my surprise and chagrin, I, and many of my contemporaries, find that the kids don’t want it. It’s STUFF, and it takes up space; and all this time I thought it was valued treasure.
Why do I tell you this? Well, aside from my Pity Party which no one attended, I see the same thing happening in business. Last year, after selling my business, I came to work with David Mahmood, an old acquaintance and founder of Allegiance Capital Corporation, as a Business Development Officer. As we look for entrepreneurs who might be interested in acquiring additional businesses, and those interested in selling or refinancing (taking chips off the table) their existing businesses, we find a consistent theme. After all their years of hard work providing for their families and expecting (hoping) their offspring would one day carry on, a high percentage of them find what I found, “the kids don’t want it.”
I read recently that approximately 65% of mid-market, privately held companies, are owned or controlled by individuals 65 and older, and close to half of them have no family wanting to take over 
the business. That means a tremendous volume of wealth will be changing hands over the next few years. Because Allegiance Capital Corporation caters to that market, we look at this as a significant opportunity to play a meaningful role in the lives of these entrepreneurs. Up until now they were so involved in building their businesses and providing for their families that they didn’t take time to reap the benefits of their hard work. Now we can help them do that, and free up time and capital while they still have the health to enjoy them.
If this sounds like you, or someone you know, I urge you to give us a call. We’d be glad to bring you to Dallas for a “meet and greet” session. We have been helping entrepreneurs for over 19 years, and would appreciate an opportunity to help you as well.
We encourage you to visit our website at www.allcapcorp.com or call me at (214) 694-2287.