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Baby Boomers' $7.9 Trillion Worth of Businesses
Phillip Washington Jr.
January 26, 2024
Key Takeaways:
Baby boomers hold ~$78.1 trillion in assets, with significant investments in equities, mutual funds, and real estate.
$7.9 trillion of boomers' assets are in businesses, presenting unique opportunities and challenges for business succession and sales.
Only 20% of businesses that go up for sale are purchased due to inadequate exit planning and value-building strategies.
Focusing on the Four Intangible C's—human, customer, social, and structural capital—is crucial for increasing a business's worth.
Business owners should regularly review their financials with an investor's perspective, considering operating income, net income, and cash flow to grow value efficiently.
Chapters:
Timestamp Summary
0:00:05 Introduction: Phillip Washington, Jr. is a registered investment advisor.
0:00:08 Disclaimer: Information presented is for educational purposes only and does not offer investment advice.
0:00:31 Important reminder: Past performance is not indicative of future performance.
0:00:37 Episode introduction: Wealth building strategies for baby boomers.
0:02:14 Baby boomer assets: $78.1 trillion invested in various ways.
0:03:23 Opportunity for Gen X and millennials to acquire businesses from baby boomers.
0:03:52 Challenges in selling businesses: Lack of exit planning.
0:05:14 Four intangible C’s to enhance business value: Human capital, customer capital, social capital, and structural capital.
0:06:20 Importance of considering the macroeconomic environment for business value.
0:09:05 Financial planning for businesses: Understanding operating income, net income, and cash flow.
0:11:20 Conclusion: 2024 is a promising year for business growth.
0:12:23 Disclaimer: Information presented is for educational purposes only and does not offer investment advice.
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Phillip Washington, Jr. is a registered investment adviser. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and, unless otherwise stated, are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed herein. Past performance is not indicative of future performance.
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