{"id":31,"date":"2007-02-08T11:15:45","date_gmt":"2007-02-08T16:15:45","guid":{"rendered":"http:\/\/www.AchieveMax.com\/blog\/2007\/02\/08\/baby-boom-business\/"},"modified":"2013-07-03T11:29:46","modified_gmt":"2013-07-03T15:29:46","slug":"baby-boom-business","status":"publish","type":"post","link":"https:\/\/achievemax.com\/blog\/2007\/02\/08\/baby-boom-business\/","title":{"rendered":"Don’t Get Baby Boomed out of Business!"},"content":{"rendered":"

There’s an epidemic on the horizon.<\/p>\n

It’s coming as certainly as tomorrow is.<\/p>\n

It will be the demise of many businesses\u00a0that currently flourish.<\/p>\n

Leaders from coast to coast know it’s coming and how devastating it will be.<\/p>\n

They refuse to acknowledge the danger.\u00a0They refuse to prepare for its assault.<\/p>\n

They will pay the price. They will inevitably become victims.<\/p>\n

If all of the above is known by so many, why are so many doing so little to prepare for what we know will occur? Whew! Come up with an answer for that one, and your financial future is indeed secure!<\/p>\n

Here’s the bottom line: 82 million Americans, known fondly as “Baby Boomers,” were born between 1946 and 1964. One-fifth of our American workforce will be reaching retirement age by 2020, meaning that 25 million people are currently poised to leave the workforce.<\/p>\n

The Baby Boomers have always been on the cutting edge of cultural trends, and they all seem to revolve around the letter “R” … recreation, radicalism, racism, rock ‘n’ roll, rebellion, road rage, religion, reality, relaxation, Rogaine, and real estate. There are more, but the Big R has yet to rear its ugly head … retirement! When it does, and it won’t be long now, it’s going to have a tremendous impact on corporate America!<\/p>\n

There will be a mass exodus that will catch most leaders flat footed. They will claim ignorance stating that they were caught unaware\u2014had no clue it was coming. There will be a extraordinary shortage of workers to fill jobs. In addition, and maybe most frightening, there will be a “brain drain” that corporate America will feel for decades.<\/p>\n

In our travels from coast to coast, we have noticed the very obvious fact that those involved with this phenomenon, which is just about everyone in today’s business environment,\u00a0are rapidly falling into one of two very distinct categories:<\/p>\n

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  1. Those who are unprepared and destined, as a result, to fail to varying degrees. Some in this category will lose market share, be forced to downsize, reduce production, close facilities, and, in many instances, simply vanish. It’s that simple.<\/li>\n
  2. Those who have analyzed the demographic evidence, heard the message, believed it, and are proactively preparing for the inevitable reality that we know will come sooner than later.<\/li>\n<\/ol>\n

    Let’s focus on the potential survivors and review some of the proactive strategies they’ve chosen in preparation for the oncoming erosion of talent and probable skills drain. In no particular order:<\/p>\n