It is their retirement, but this is the problem. It's the same force that puts a person into the position of putting off making their will. It's the same thing that has them putting off putting their succession plan in place for their business. It's an emotional thing, because this means they're going to be gone.
The other point, I guess, is that people often think they're going to be able to sell it to one of their children, and maybe they don't recognize that, number one, only about 30% of businesses that go on to children will actually succeed in the next generation, and by the third generation it's 3%, but number two, oftentimes these days the children don't want to take over the business, and they don't realize they need about 10 to 15 years to make that plan realistic. So someone might be thinking that they're 58 years old now and in seven years their child may be willing to take over.
I think there is a lot of wishful thinking going on, and maybe people don't recognize that this is what needs to happen.
In terms of why employees as a group can actually take it over much more easily than others as individuals can, they aren't business people, and not a single one of them would have the capital to do it, but you can help them as a group to become entrepreneurial and to do that through the cooperative model in a way they couldn't do individually. You're sort of making business people out of folks who wouldn't have been on their own.