This week on Moment of Truth, Nick sits down with Will Fry, founder and CEO of American Operator, to dig into one of the most important and least discussed crises facing the American economy: the small business succession problem. Over half of America's 6 million small businesses with employees are owned by someone over 55, most of them have no exit plan.
If nothing changes, millions of them will either be swallowed by private equity or simply shut down.
Will explains how American Operator is building a model to keep these businesses in local hands, why the SBA is actually one of the most effective federal agencies in Washington, and what the ‘Deez Nuts’ grill brush story tells you about the state of American manufacturing. They also get into hiring philosophy, what makes a great operator, and where CAN Main Street go from here.
Small business owners, sound off in the comments.
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American Moment's \"Moment of Truth\" Podcast is recorded at the Conservative Partnership Campus in Washington DC, produced by American Moment Studios, and edited by Hunter Smith, with original graphics by Jared Cummings.
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