OK boomers, the small business world is ready for you guys to move on | Gene Marks

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Boomers have overseen one of the greatest expansions of wealth in history – and created problems for the generations to come

of us haven’t saved anything for retirement. You would think that, with all this wealth creation we would’ve socked away a few bucks for our golden years but no, we pretty much spent it all, leaving our children and grandchildren with massive debts and responsibilities for taking care of us.is that when we die, we’ll pass up to $73tn in wealth.

Thanks to our stubbornness, much of our technology is still steeped in the 1970s. Recent data shows that betweenof companies are still writing paper checks to make payments. Paper checks! Not only that but many of my clients continue to rely on older, clunkier systems instead of migrating to cloud-based applications that build value and productivity.

So what will happen to these boomer-led businesses? Hopefully, some of these owners will wake up and take the next few years to build systems, implement processes and create a friendlier workplace that will entice younger, better talent. By doing so they can create value that will be attractive to a potential buyer, which maybe can include their workforce in the form of an employee stock ownership plan or similar arrangement.

 

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Weak journalism - manufacturing conflict clickbait. Do better, Guardian.

Reads like ageist bigotry to me.

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