The Silver Tsunami

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PO Box 877
Wolfeboro NH 03894

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Monday-Friday: 9:00AM–5:00PM
Saturday & Sunday: By Appointment Only

Peter Drucker once remarked that “Demographics is the history that has already happened.”  This is obviously true for society at large, but there are particular implications for the aging  Baby Boomers who own businesses and are starting to look for the exits. Factor in a smaller cohort of Millennials coming of age and growing income inequality and the result may be a shortage of buyers willing to pay a good price for the Boomers’ businesses, especially the smaller ones.

A new bill sponsored by Senator Kirsten Gillibrand attempts to address this issue by making it possible to use a Small Business Administration (SBA)  loan to finance an ESOP  (Employee Stock Ownership Plan).  This article from the Washington Post provides some insights regarding this proposal and offers new options for the ‘silver tsunami’ of retiring Baby Boomer business owners.

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CATEGORIES: CEO, Financing


Your First 90 Days

Thank you for your interest in my free essay, "Your First 90 Days." As a new manager/leader, you have your work cut out for you. But please slow down and be strategic. Many careers have sidetracked during the first 90 to 180 days in a new job because the entry was too fast.

Don't let your title dictate your strategy. Rather, consider my seven steps you can take to smooth your transition.

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