Every 57 seconds a Baby Boomer business owner turns 65. Will they choose action or inertia?

Emerging market of Exit Planning Ripe Opportunity for Owners and Advisors
 
CAMBRIDGE, Mass. - March 20, 2013 - PRLog -- (Boston, MA / March 20, 2013) --  Every 57 seconds a Baby Boomer small business owner turns 65, our traditional retirement age.  Many hope to sell it, or scale back on their involvement with their business, if they can find people to run it full time, or take it over.  Baby Boomer business owner retirement constitutes the biggest wealth transfer in the history of the world, $10 trillion. Yet, 75% of baby boomer business owners have no plans to unlock the wealth within their companies.  

Why is this last number so high?  Because for many Baby Boomer business owners, there appear only two tracks for retirement:
•   Leading a boring existence without focus or opportunity.
•   Working until the bitter end, and “dying at the desk.”

Jack Beauregard, CEO and Founder of the Successful Transition Planning Institute helps Baby Boomer business owners prevent Retirement Remorse. His acclaimed book, “Finding Your New Owner:  For Your Business, For Your Life” offers a third alternative, the “Platinum Years SM”: a new way of thinking about the future that involves not only hope, but a plan for making this transition to a more meaningful and purposeful life; a life that embraces the ambition of business owners with their aspirations in other aspects of their lives.

STPI’s methodology has helped executives and business owners for many years by helping them think about how, when and why they should plan to leave their companies. Ultimately, business owners seek to have successful transitions that lead to happier and more fulfilling lives, what Jack calls “Peace-of-Mind in your Platinum Years℠.  Jack and STPI help clients create a plan to reach this level of peace.

Jack has presented his unique integrated transition planning approach on many radio and television programs, including National Public Radio and the Voice of America worldwide program, as well as numerous conferences around the country.  He has been quoted in numerous articles in publications such as “Banker & Tradesman,” “M&A Today,” and “Harvard Management Update,” and most recently, “Forbes”.  

If you would like to interview Jack on the “head and heart issues” related to baby boomers’ transition out of their careers/businesses, please feel free to contact him at jack@thenexttransition.com.
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Tags:Strategic Planning, Exit Planning, Retirement
Industry:Business, Strategic Planning
Location:Cambridge - Massachusetts - United States
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