The Boomer Bust | Educating Baby Boomer Business Owners on Strategies for a Profitable Exit
The Boomer Bust Keynote Presentation
The Perfect Storm
What will happen when the Baby Boomers step down from active productivity? The largest, wealthiest, most acquisitive and competitive generation in American history is about to pass the baton. What does that mean to business owners?
“Forget the fiscal cliff, the sequestration cliff and the entitlement cliff. Those are just symptoms. What America really faces is a demographic cliff.”
–The Wall Street Journal, February 2, 2013
“The economic legacy left by the baby boomers is leading to a battle between the generations.”
–The Economist, The Next Crisis: Sponging Boomers,
September 29, 2012
“My fellow Democrats will have to accept that no amount of new taxes can make up for our changing demographics.” –Erskine Bowles, Co-Chair of the National Commission on Fiscal Responsibility and Reform on controlling the deficit, December 13, 2011
“What Americans have to understand is that this country reached its demographic peak ten years ago.” –David T. Beers, Standard & Poors Head of Sovereign Credit ratings on the downgrading of the U.S. credit rating to AA+,
August 7, 2011
America changed when the Baby Boomers were born, and as they moved through adolescence, established their careers and became parents. It will change again, dramatically, as they leave the ranks of the workforce. They are the largest, healthiest, wealthiest, and most educated generation in history.
Baby Boomers were all born around the same time.
• From 1945 to 1965 they added 58% to the population
Baby Boomers all went to school together.
• From 1965 to 1975 college graduations increased 150%
Baby Boomers all went into business together.
• From 1975 to 1985 new businesses grew by 250%
Baby Boomers will all grow old together. • What does that mean to business owners?