The Florescence Podcast

S5:E4 Buying a business - the great boomer wealth transfer!


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Have you ever thought of buying a business? 75M baby boomers will retire by 2030. This is the generation that owns about 2/3 of all businesses.

And many of those business owners won't have a succession plan, and so if they don't sell, the business shuts down.

I've had my eye on businesses that are for sale in my local area for a while now and I'd love to make it as part of our wider wealth strategy.

I always used to turn my nose up at the idea of buying a business, as I wanted to build something from the ground up with my own blood, sweat and tears.

But this is the work hard mentality, and why can't I just work smart? Established businesses have all the systems set up, the brand reputation, the client base and the good will - they've got it all ready to go.

All you need to do is come in, modernise and automate and you've got a roaring successful business.

In this episode I chat about the idea of this, and what businesses I've been looking at purchasing over the past year.

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The Florescence PodcastBy Felicia Aull