And for the most part, in the past, we've had companies that make money and can prove it. We always laughed that the best companies to have are ones that make money and actually can prove it.
The problem with the economy now is the population of businesses that make money has shrunk dramatically. So it has been very difficult to find good businesses to sell.
This is one area that has made business tougher and we can go into the other reasons like financing the businesses, another struggle.
It's interesting that the population of profitable businesses has decreased, which one would imagine would be the case. And then we have the demographic wave of business owners looking to retire. However, it has been mentioned that people are exiting corporate America, whether they meant to or not, and that they may represent a wave of interested buyers.
There are exiting executives and baby boomers, and all those things bode well for our industry moving forward.
There is something like $12 trillion worth of private equity going to change hands over the next five to ten years.
Then there are people who are exiting or sick and tired and who want to put their own business life into their own hands and bet on themselves. They're tired of betting on the stock market. They're tired of waiting for companies to pay them what they think they're worth, and they're willing to go out on their own. So I think that's good for our industry.
So coming out of the recession, we are seeing an up tick yet in activity.
We are seeing more deals transact, and although perhaps the values are still lower, we are definitely seeing more interest. The phone is ringing more. We're getting more hits on the website. We're signing more people up to go see businesses so, yes, the activity is up.
People are buying businesses, but they're still looking for a good bargain or a quality business, which once again is hard to find.
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