Business owners are the lifeblood of this great country.
They create jobs, pay taxes, invest in other businesses and ultimately create wealth for themselves and their family.
Baby Boomer Business Owners, those born between 1946 and 1964, are now at the stage in their lives when they are beginning to think about transitioning to retirement.
In a recent study by Federal Small Business Minister Bruce Billson called – Succession Reset:
Family Business succession in the 21st century – found that by 2020 a significant number of Baby Boomer Business Owners will be in the process of transferring ownership of their business.
In Australia it is estimated the value of these businesses transferring ownership will be $3.5 Trillion.
But the report noted that 81.1% of Baby Boomer Business Owners have not completed a succession plan.
Accounting firm Pitcher Partners released a further report which concluded Baby Boomer Business Owners need to start thinking about succession now rather than believing they will simply retire, get a cheque for their business and sail off into a Financial Free Retirement.
This is why, if you are a Baby Boomer Business Owners thinking the sale of your business will fund your retirement, you are out of your mind.
But how do you start?
Over the coming weeks I will explore the mindsets and beliefs that Baby Boomer Business.
Owners have that holds them back from creating a Financially Free and Comfortable retirement.
I will explore the major problems and pain points that you the Baby Boomer Business Owner faces as you transition to retirement.
And finally, we will explore what I believe is the 5 step method Baby Boomer Business Owners need to take to enjoy a Financially Free Retirement, ensure they don’t outlive their money, fund their living expenses and lifestyle and protect their money and wealth.
In the meantime, you can pre register your interest in attending our upcoming Freedom Retirement one day conference.