The Business Transition Blog

The Tipping Point – Boomers Turn 65

We’ve heard about this phenomenon for years, but it’s now officially here. The first wave of Boomers are 65 this year. More and more are going to retire from their jobs or from their businesses and it’s going to have a major ripple effect. More people collecting pensions; fewer people paying in. More people stepping down, taking their experience and wisdom with them; fewer people to step up. More business owners wanting to sell their business; fewer prospective purchasers to buy them.

As a race, humans are pretty adaptable and the world will continue. But individually, there will be casualties.

Remaining Boomer managers will have their workloads increased even more because they haven’t had time to train their younger successors. They will burn out, have heart attacks or retire early because they can’t stand it any more. Boomer business owners will increasingly begin putting their companies up for sale with visions of retirement dancing in their heads. Many will be disappointed because no one will want to buy their company or if they do, it will be at a value far below the owner’s wishful thinking.

My book, The Business Transition Crisis, addresses these issues and if you want to “beat the biggest business selloff in history”, you should begin now to prepare yourself and your business for the impending transition that is going to take place. You can download the first chapter for free by going to The Business Transition Crisis-Preview.

Don’t Listen To All The Self-Help Gurus…

Every year it’s the same. The gurus come out of the woodwork at New Year’s and want to fix all your problems. Get fit! Lose 50 pounds! Kiss your spouse more often! Set your goals for the year! Spend more time with your kids! Get rid of the clutter! Get your business in shape! (Alright, I confess I’ve done it in the past too!)

I’m not going to say anything like that this year.

I figure, hey, it’s your life. You wanna be fat, out of shape, divorced, estranged from your kids, married to your work, unable to pay off your credit cards, unable to retire when you want, unable to unload your business – that’s your choice. Who am I to meddle? It just clutters up the fitness centre for those of us who go regularly, with wanna-bees who last for two weeks.

Besides, you already know what you need to do. You’re not short on knowledge. It’s out there.

And I know you’re motivated. Otherwise you wouldn’t be reading this.

So, if you know what to do, you know how to do it, and you’re an intelligent, motivated individual, what good can I do by adding to your already mountainous pile of guilt? I’ll bet you already have more than enough nagging in your life.

All I’m going to suggest is that you dream a little more; smile a little more, eat more ice cream, lighten up, and enjoy yourself and those around you more. Life is short. Another year just bit the dust. Make 2011 your most fun year ever. If you do, a lot of those other things will take care of themselves.

Smile More - It's Contagious