Chapter
Passing on Boomer-Owned Businesses to the Next Generation
37:51 - 43:02 (05:11)
Many businesses owned by boomers would benefit from being passed down to their children, but it's not always a simple process. A master's program or mentorship could be useful to ensure a smooth transition.
Clips
Many boomer-owned businesses are hoping that their children will take over the family business, but some kids are hesitant to do so.
37:51 - 39:28 (01:37)
Summary
Many boomer-owned businesses are hoping that their children will take over the family business, but some kids are hesitant to do so. It's important to understand how the business works in case of unexpected events, but the decision to take it over should not be taken lightly.
ChapterPassing on Boomer-Owned Businesses to the Next Generation
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The idea is to offer mastermind programs, or a "master’s program", which guides the child in taking over the business or buying businesses that the child is not interested in running.
39:28 - 41:04 (01:35)
Summary
The idea is to offer mastermind programs, or a "master’s program", which guides the child in taking over the business or buying businesses that the child is not interested in running. The program will provide help with a core life problem that business-owning families face; what to do if your child is not interested in running the business.
ChapterPassing on Boomer-Owned Businesses to the Next Generation
EpisodeTwo Side Hustle Ideas, The Top Trait of Successful Entrepreneurs, Building a Compound with your Friends, and More
PodcastMy First Million
The speaker mentions a company that invests in pool construction companies that do not have access to major internet and cable providers.
41:04 - 43:02 (01:58)
Summary
The speaker mentions a company that invests in pool construction companies that do not have access to major internet and cable providers.