A fresh and fact-filled look at the impact of Boomers on small business, from their entry in record numbers, to the explosion of franchising, and the Tsunami of their impending exits.
2. The Approaching Tidal Wave ................................................................. 1
It’s only about the numbers ............................................................ 2
What was the big deal about a bunch of babies? .......................... 3
The Pig in the Python ............................................................................. 4
The new consumers ......................................................................... 5
Something all Boomers have in common ....................................... 7
The Brass Ring ......................................................................................... 7
Where do you go when there isn’t enough room? ....................... 10
Work-Life Balance ....................................................................................11
A nation of producers ........................................................................12
A nation of consumers ......................................................................13
A shrinking market ............................................................................14
Outsourcing America ...............................................................................15
Competitive parenting ......................................................................16
Boomers serving Boomers .............................................................. 17
The Boomer Bust begins ................................................................. 18
THE BOOMER BUST
BEATINGBEATING
How Baby Boomers changed the face of small
business in America, and why it isn’t over yet.
How Baby Boomers changed the face of small
business in America, and why it isn’t over yet.
3. The X Factor ............................................................................................... 18
Generation X vs. Boomers ................................................................ 20
Numbers ............................................................................................ 21
The Gen X Business Buyer ..................................................................... 22
Values ................................................................................................ 23
Choices .............................................................................................. 24
What will sell? .................................................................................... 25
Beating the Boomer Bust .......................................................................... 26
What is your business worth? .......................................................... 27
The starting point ............................................................................... 28
The target .......................................................................................... 30
Choosing a Buyer for Your Business ...................................................... 31
External sales ................................................................................... 32
Internal sales ..................................................................................... 33
The Penultimate Hire ............................................................................... 35
Second in Command, or Successor in Training?............................. 36
Addition by subtraction ......................................................................36
The Road Less Traveled ......................................................................... 37
Starting the process .......................................................................... 39
Appendix: Nuts and Bolts ........................................................................ 40
What is an Exit Plan?......................................................................... 40
What is an Exit Planner? .................................................................. 42
48. AuthorBio
John F. Dini is widely recognized as one of the nation’s leading experts on
small business ownership. He is a consultant and coach to hundreds of
business owners, CEOs and Presidents of companies. He is the author of
11 Things You Absolutely Need to Know About Selling Your Business, now
in its second edition. He is a serial entrepreneur currently operating his 12th
company, and has conducted business in all 50 United States, Canada, South
America, Europe and Asia.
John holds a Bachelor of Science in Accounting from Rutgers University, a
Master of Business Administration from Pepperdine University, is a Certified
MBA,andholdssixadditionalcertificationsinexitplanning,businessbrokerage,
behavioral analysis, medical practice management, facilitation and coaching.
John writes numerous articles on business topics for newspapers and
magazines, in addition to his weekly column on business ownership at
www.awakeat2oclock.com. He speaks frequently to business groups and
national associations about the issues surrounding the retiring generation of
Baby Boomer business owners (www.theboomerbust.com), and is a 10-year
member of Jim Blasingame’s “Braintrust” appearing regularly on “The Small
Business Advocate” nationally syndicated
radio program as an expert in the issues of
business ownership.
John’s business owner coaching practice,
MPN Incorporated, is based in San Antonio,
TX. He extends his services nationally to work
with Boomer owners on their succession and
transition plans. He can be reached by phone
at (210) 615-1800 or email jdini@mpninc.com.