https://yourexitmap.com/can-franchising-survive-the-baby-boomers/ Free Exit Planning Tools for Business Owners Tue, 23 May 2023 16:18:14 +0000 hourly 1 https://wordpress.org/?v=6.9.4 https://yourexitmap.com/can-franchising-survive-the-baby-boomers/#comment-40 Tue, 18 Jun 2013 05:00:13 +0000 http://www.awakeat2oclock.com/?p=1841#comment-40 This is a WAKE UP CALL. I had never thought about the vulnerability of the franchise industry to the demise of the boomer generation. I have to sit back and think about this. My focus has been on the impact that the boomers will have on the succession plans for independent financial planners, wealth manager and insurance agents. Just like your food and hotel franchise examples, these individuals poured their lives into building profitable practices and it is unlikely that the next generation has the motivation to continue the growth of the industry. For more than a year we have been in conversations with large corporations that provide regulatory compliance and package insurance products to support these aging entrepreneurs. The companies are finally recognizing the imapact of the loss of their top producers. I will use this franchise analogy to paint the picture for them. Thank you.

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