#Baby Boomers
Why millennials are the future of franchising
It’s no secret that millennials have developed a bad reputation, particularly when it comes to the workplace. Baby Boomers and Gen Xs tend to have a not so complimentary view or the younger generation – but could these millennials have more potential than first meets the eye? [Related: How to transform franchisees into entrepreneurs] Typically […]
Some business owners supplement income by providing shareconomy services, MYOB finds
The number of SME operators who believe the sharing economy is having a positive impact on their business far outnumber those who believe it is detrimental, according to cloud accounting provider MYOB Over 1000 SME operators from across Australia were survey for the bi-annual MYOB Business Monitor, which found that the franchise sector was the […]
With five generations represented in the job market, who are you attracting to your SMB?
In this complex and fast-moving environment, a core challenge for business owners and managers is to attract and retain skilled talent. The current workforce available for hire is incredibly rich and diverse. From the tech-savvy iGen looking for their first role, to the not-yet retired Traditionalists looking to keep busy, there are currently five generations […]
Why SMEs need to make succession a priority
The future viability of small businesses is being risked as owners increasingly fail to recognise the value of an exit strategy.
Are you prepared to leave the business you built?
As boomers approach retirement, more and more small business owners are looking to pass the reigns of leadership to the next buck, or in some instances sell the business altogether. “Many of our CEOs are baby boomers approaching retirement age,” says Kathleen Richardson-Mauro, co-author with Jane M. Johnson of “Cashing Out of Your Business”. “We’re […]
State of the digital economy
From shiny new devices to speedy software and the rise of the cloud, there’s more technology to help businesses succeed than ever. Yet Australian business operators are still hesitant to embrace it.
Baby boomers back for an encore
Older Australians are increasingly finding themselves in a new stage in their careers in the years between the end of their 50s and the beginning of retirement.
Segmenting your target market via career stages
Career segmentation is a popular method if your client’s stage of career is a very relevant reason for doing business with your organisation. If you are an association with members for example, this is highly relevant way for segmenting your database.
Five tips for boomer-friendly retail design
Bring on the boomers. Consider this advice when designing a store where boomers are the customers.
Succession Planning: ‘It’s make or break’
The end of the Second World War led to the start of the great Australian baby boom, when many of today’s leaders and business owners were born. Today, these same baby-boomer business owners and CEOs nearing retirement are faced with a burning issue – to whom should they hand over the reins?
Succession planning critical as baby boomers reach retirement age
With the first of the baby boomers reaching retirement, predictions of SMEs hitting the market at depressing sales prices mean owners should now be fine-tuning their succession plans.
Baby Boomers bump up part time employment
An expansion in part time employment is expected to take effect between 2014 and 2016, as Baby Boomers choose to work part time when they reach retirement age.
Gen Y not difficult, Baby Boomers problematic in the workplace
Managers find Gen Y staff easier to work with than the challenge of Baby Boomers, according to research conducted by Leadership Management Australasia (LMA).
Slowing population growth could stop small businesses expanding
Slowing population growth and rising demand for skilled labour will negatively impact SMEs’ ability to expand, according to the latest Business & Population Monitor.
74% of Gen-X employees willing to pay out of their own pocket for training
74 percent of Gen-X employees are willing to spend their own money on upgrading their skills, instead of waiting for employers to provide training, compared to 72 percent of Gen-Y employees and 68 percent of Baby Boomers.
Financial crisis has Baby Boomers delaying retirement
According to a global study conducted by TNS, the global financial crisis has baby boomers running scared, with 44 percent of Australia boomers hinting they will have to postpone their retirement. The study looked at how the global financial crisis is affecting consumers in five key countries – the UK, France, Germany, the US and […]