Mike Finger had a post in Linkedin asking if the Silver Tsunami will not happen.
The Silver Tsunami is the idea that with baby boomers retiring that there would be a huge wave of businesses coming to the market to sell.
He mentions though in his 25 years he hasn’t seen this wave and points out that 71% of the Silver Tsunami generation is already past average retirement age.
So what does it mean?
Where are all these potential business owners retirees going?
From what I’ve seen in the cases of older business owners coming to me…
Is that they are “hanging on in quiet desperation.”
Some have tried to sell but failed to find a buyer.
Some have realised they wanted to retire and found out very late in the game that they aren’t even in the ballpark of funding their retirement by selling their business.
And it gets worse..
Many have already burnt out and it showed in the trends of the business.
Now they’re stuck for the next months and years not only making the business “sellable” but part of that is reigniting profitability and getting the trend right.
Hanging on in quiet desperation might be the English way, but it doesn’t have to be your way.
If you’re a business owner who wants more than to die at the office or to have the business die for nothing when you decide to leave; it means you need to make your business into an attractive asset outside your control.
And it begins with a 60 second survey to find out how much of this English desperation life you have sucked yourself into.
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P.S. If you’re in Dubai this Friday, join us for the Exit Ready Business Happy Hour—a casual, no-fluff gathering of business owners where real conversations lead to real breakthroughs. Just one insight could change your business (and your life) faster than you think.
Spots are limited. The impact isn’t.
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P.P.S. I’m not the “systems guy,” “process guy,” or “finance guy.”
I’m the “build real equity in your business” guy—so you can start living your best life now and exit on your own terms later.
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