Looking back after selling hundreds of businesses in my career and living in several countries, the real data indicates the way we've done business for decades is changing as we speak. Unfortunately there is a high probability that more than 65% of all businesses today may be obsolete by the year 2030 leaving many businesses worthless.
If you are not in an inflation recession proof business you may need to reevaluate and reassess going forward If your industry group or sector has a higher or low probability of being obsolete as everything is changing day to day. Many business owners I speak to are beginning to do this to see if they should consider selling their business and retire or sell your business and reposition yourself into a safer industry and not be exposed and left behind with all your hard work you put into your business all these years. If you are looking to buy a business make sure it's inflation recession proof because past performance has nothing to do potentially with what is happening in the near future.
My fear for most people that have dedicated their entire life to their business and are looking forward to retirement, if not careful, may dissipate, in the next few years, what took them decades to accumulate.
A few variables most people hear but for some reason they ignore!
There 5 BRICS nations alone are responsible for 65% of the world's GDP (Gross Domestic Product). If this does come into fruition, the US will not be the world power anymore and the world currency may be shifting, regardless of the amount of tariffs or sanctions America uses to weaponize other countries.
America is the only country in the world where our economy is driven by spending, not earnings !!!!!
Regardless of how much money you make at some level, you're living in modern day slavery. Everything is so expensive. We are now going into uncharted waters and as we get older we may want to Once our Fiat currency changes to digital it is game over for how money is used and the value of it. My recommendation is if you can, whether you work with us or someone else to sell your business and enjoy whatever years your higher power is giving you.
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