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Helping business owners grow their companies and transition with confidence, added value and complete control.
Tag Archives: Boomer Bust
Ageing Boomer Entrepreneurs: Fearful or Smart?
Do we become more cautious with age? Startups are usually associated with younger entrepreneurs. By the time they reach their 50s or 60s business owners tend to tackle fewer big new ideas. Those that do tend to be successful enough that they … Continue Reading
Posted in Building Value, Business Perspectives, Economic Trends, Entrepreneurship, Exit Planning, Exit Strategies, Life After, Strategy and Planning
Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, economy, employees, entrepreneurs, entrepreneurship, exit planning, exit strategies, leadership, management, new business, small business, small business advice, startups
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How Can You Sell a Business to a Buyer Who’s Broke?
According to a recent report from the Federal Reserve Bank, over half (52%) of Americans could not pay for a $400 car repair without borrowing. We can assume that most of these folks would not be legitimate prospects to purchase … Continue Reading
The Luxury of No Resources
Among the Baby Boomer business owners who are beginning to plan their retirement, there are millions who founded the companies they plan to sell. Many of these were technicians when they started. They began as employees, and then used their … Continue Reading
Posted in Business Perspectives, Exit Planning, Selling a business, Strategy and Planning
Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, entrepreneurship, exit planning, exit strategies, hiring, management, selling a business, small business advice
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Where Will All the Small Businesses Go?
What would the small business landscape look like if over one million small businesses disappeared? Get ready, it’s about to happen. I write and speak frequently about the passing of the entrepreneurial generation. Driven by competitive pressures to succeed, the … Continue Reading
The Migration from Service to Knowledge
As I have pointed out frequently in this space, the Baby Boomers’ entry into entrepreneurial business moved the core of the American economy from products to services. (see www.theboomerbust.com) Multiple dynamics created the shift. Boomers were degreed at four times the … Continue Reading
Who’s Picking Up the Tab?
When a small business is sold, the total price of the business includes not only the cash paid, but any obligations assumed by the buyer on behalf of the seller. Transfer of a loan balance, accrued vacation pay for employees or … Continue Reading
Posted in Economic Trends, Exit Planning, John's Opinions, Politics and Regulation, Selling a business, Strategy and Planning
Tagged Baby Boomers, Boomer Bust, business ownership, business planning, business strategy, exit planning, health care costs, politics, small business advice, social security
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The Only Number that Counts
The retirement of a generation of entrepreneurs (see www.theboomerbust.com) is an event unique in our history, or in anyone’s history for that matter. What we are about to experience is inevitable, and those who are unprepared are in for a … Continue Reading
Employment as Video Game
In a recent survey of 20-something employees, the majority said that they expected a promotion in the workplace at least every two years. Most surprising to business owners, however, was that they did not believe that such advancement should be … Continue Reading