Midtown Capital Advisors, LLC’s Post

By 2030, the entire Baby Boomer generation—one of the largest generational cohorts in history—will be at or beyond retirement age. Baby Boomers make up about 40% of small business owners, and accordingly, in the next 5–10 years, a massive wave of small business owners will reach retirement age and wish to exit their businesses. Most of what has been written about exit planning focuses on the endgame. But exit planning is not accomplished by focusing on the endgame. Successful exits are based on what you do every day. There is no reason you can't benefit today and in the future. You can do both. In this blog post, I look at the challenges facing small business owners looking to exit and harvest their wealth in the next few years and where their focus should be today. You can read it here: https://bit.ly/3vr49WA * #summitscalecoaching @summitscalecoaching * * #ceo #director #businessowner #businesscoach #businesscoaching #entrepreneurcoach

Thank you for sharing. It highlights in simple terms the metrics and methodology in selling your small business. Understanding this well in advance of selling (ideally from day 1), will ensure you maximise value when you sell- and of course, using an experienced broker 😉!

As I dive deeper into the transition of Baby Boomer business owners into retirement, a stat from 'The Millionaire Next Door' by Thomas Stanley and William Danko catches my eye: virtually all non-retired U.S. millionaires are business owners. Peeling back another layer, 20% of these are professionals in the medical or service fields, and the rest? They're the entrepreneurs and small business powerhouses. John Bowen's research in 'The State of the Affluent 2014' ramps up the intrigue, revealing a striking 91% of those with a net worth over $5 million own their companies. This isn't just a trend; it's a signal of a deeper truth—wealth and business ownership go hand-in-hand. But what about here in Australia? While I'd wager our stats lean heavily towards property, I suspect there's a significant slice of wealthy Aussies who are also seasoned business owners. Here's where the thought train is heading: business ownership is a hallmark of higher net worth, Baby Boomers are currently the most business-owning generation ever, and they're on the brink of retirement. The baton is ready to be passed. Who’s reaching out to grab it?

🚨 The Boomer Business Shift is Real! I found this slide from our CABB conference very relevant. I talk to business owners daily about retiring or exiting their business. By 2021, 11,000 Baby Boomers were retiring daily, and with 12 million small businesses under their ownership, they account for 43% of all U.S. small businesses! This wave represents $10 trillion in business value, and as Boomers exit, small businesses are being sold at record rates. If you're thinking about acquisition opportunities or succession planning, now's the time to act. Don't miss out on this monumental shift in the business landscape! #CaliforniaAssociationofBusinessBrokers #CABBConference #CABB2024 #thebayadvisors #zoombusinessbrokers #CAbusinessbrokers #babyboomers #boomerbusinessowners #retirement #bayareabusiness #bayareabusinessbrokers #bayareabusinesssales #bayareabusinessbroker #businessbrokers #sellmybusiness #sellbusiness #businessvaluation #exitplanning #exitstrategy #successionplanning #sellingmybusiness #buyabusiness #brokeropinionofvalue #businessvaluation

Pitcher Parthers' just-released middle-market report - Business Radar 2024 - estimates that there is a "silver tsumani" on the horizon, with 5.7 million Australians poised to retire in the next 10 years. With 40% of SMEs owned by Baby Boomers, at least 1 million businesses will need to change hands over this period. Two-thirds of those surveyed do not have a detailed exit or succession plan in place, so they'll need to get moving if they are going to sucessfully transition. If you - or someone you know - own a SME and don't have an exit plan, get on the front foot and reach out to Cassin Advisory to ensure your transition to retirement is a success.

Times are changing, and the business landscape is in the midst of a major transformation. As we look ahead to a new era, it's vital to understand the upcoming market shift. In this insightful video, I delve into the impending shift set to define the business world. With baby boomers approaching retirement, a significant change is on the horizon, and timing is paramount. Learn how family businesses are navigating these challenges, and how you can prepare for success in this changing business environment. Watch the video to gain essential insights and stay ahead of the curve! #MarketShift #BusinessSuccess #FamilyBusiness

Baby boomers own 2 to 3 million privately owned companies, which is about 40% of small businesses in the US. As this generation approaches retirement, these businesses will change hands. Addicus works with our family business-owning clients to build an Optimized Continuity Strategy (OCS). To learn more about our approach to succession planning, please visit: https://hubs.ly/Q02xnNLt0 #SuccessionPlanning #FamilyBusiness

Read our latest insights on "Boomers Are Holding Too Much Stock! Gold Can Reduce Retirement Risk" What you'll discover: → Trapped in Fear and Stress → Diversification is Key → Gold is a Powerful Diversifier and More → Boomers Must Reduce Risk to Preserve Wealth Check it out at: https://lnkd.in/gzJUsxf6 Share your feedback in the comments or DM us Repost ♻ this article to spread the word

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Planning for retirement? Consider these four exit strategies.