http://blog.xero.com/2009/06/baby-boomer-biz-owners-where-to-now/ Wed, 17 Mar 2010 15:37:55 +0000 hourly 1 http://blog.xero.com/2009/06/baby-boomer-biz-owners-where-to-now/comment-page-1/#comment-2059 Cathy Fri, 05 Jun 2009 10:11:53 +0000 http://blog.xero.com/?p=5529#comment-2059 If the business is something you love, that you're good at and it makes you feel alive why give up? I spent years teaching kids to find what they are good at, match it with something they love doing and provoked the idea that they would never go to work a day in their lives. They would only go to play everyday. If you've worked hard to get to this point, why give up? Yes we all need advisors to give us other points of view, to open our mind to other possibilities, to run the company while we go to explore another area of earth for a few weeks, but if your brain still works and you can still hold an intelligent conversation, why give up? Precession planning makes sense. Everyone wants to see their life's dream continue, but how to let go? At some stage we have to stop building and pass the baton to the next wave of innovators. How to create an ongoing involvement and still feel worthwhile as a contributor who is genuinely respected and valued? I'm sure every business is different, but so often the business is successful not only because the product is good, but because the founders have a passion that is inspiring, exciting and contagious. No degree can replicate passion. Its not solely about acadamic qualifications and experience. If the business is something you love, that you’re good at and it makes you feel alive why give up?
I spent years teaching kids to find what they are good at, match it with something they love doing and provoked the idea that they would never go to work a day in their lives. They would only go to play everyday. If you’ve worked hard to get to this point, why give up?
Yes we all need advisors to give us other points of view, to open our mind to other possibilities, to run the company while we go to explore another area of earth for a few weeks, but if your brain still works and you can still hold an intelligent conversation, why give up?
Precession planning makes sense. Everyone wants to see their life’s dream continue, but how to let go? At some stage we have to stop building and pass the baton to the next wave of innovators. How to create an ongoing involvement and still feel worthwhile as a contributor who is genuinely respected and valued? I’m sure every business is different, but so often the business is successful not only because the product is good, but because the founders have a passion that is inspiring, exciting and contagious. No degree can replicate passion. Its not solely about acadamic qualifications and experience.

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