Securing the Future: $6 Trillion in Opportunity Awaits the Next Generation

What’s happening now is a significant shift in the business landscape. As baby boomers prepare to retire, an astonishing $6 trillion is tied up in small businesses. These businesses represent the backbone of our country, and their future depends on the next generation stepping up to the challenge.

Research with ChatGPT help:

Baby Boomers, individuals born between 1946 and 1964, hold a substantial portion of U.S. wealth. As of the first quarter of 2024, they owned approximately 51.8% of the nation's total wealth. Statista In terms of small business ownership, Baby Boomers are significant contributors. They own about 2.3 million small businesses across the country, accounting for 40% of all small businesses in the U.S. MBA Stack These businesses are vital to the economy, employing around 25 million people. MBA Stack

What does that mean?

As Baby Boomers retire, the transition of these businesses presents both challenges and opportunities for the next generation of entrepreneurs.

The next generation needs to learn how to run these businesses, understand what it took to build them, and keep them alive, thriving, and moving forward. This is not a responsibility that can simply be handed over. To succeed, you must develop grit, character, and a deep understanding of the blueprint that makes a business work—both the foundation it was built on and the innovations needed to propel it into the future.

This knowledge isn’t something you can acquire from a textbook, a Zoom call, or a TikTok reel. What I offer goes beyond traditional education: it’s about entrepreneurial strategy, character building, and real-world learning that equips you with the skills no one can teach in a classroom. It's the grit of sales door to door or I should say roof to roof.

Building wealth and running a business isn’t just about making money—it’s about creating win-win situations, not win-lose outcomes. To truly own and operate a business, whether it’s passed down through inheritance or acquired through opportunity, you must understand how to own it, run it, and manage it effectively. Knowledge is money, and the more you know, the better positioned you are to seize these opportunities.

As our society advances, the ability to carry these businesses forward will determine the strength of our economy and the success of future generations. It’s time to invest in learning the skills and strategies that build lasting legacies.

Looking ahead to 2025

I’m excited about expanding my team here at Estate Claim Services . This is more than just an opportunity to work together—it’s a chance to immerse yourself in the grit and strategy required to build an empire. Through hands-on experience and personal mentorship, you’ll gain the tools and knowledge to succeed. Let’s create something extraordinary together.

Warmly,

Lucy Davis

(612)619-5961