There’s been a lot happening in the news lately. And if you’re like me, while fully aware, you probably don’t need to see the same headlines on repeat. 
 
So, fresh off last week’s boomer bashing… today, let’s talk about the Silver Tsunami.  
 
Here’s the deal: Baby Boomers (born between 1946 and 1964) own a huge chunk of Australia’s small businesses. And they’re looking to hand over the keys. 
 
By the numbers: 

• 40% of small businesses in Australia are owned by Boomers—roughly 420,000 businesses. 
  
• 30% of the country’s 2.6 million small businesses are run by people aged 50+, many of whom are nearing (or past) retirement. 
  
• Over the next 20 years, an estimated $3.5 trillion (AUD) in assets will change hands. 
  
• By 2034, that number jumps to $4.9 trillion (AUD). 
  

 
Cool stats Paul. Thanks. Now what? 
 
Well, this is both an opportunity and a challenge. 
 
The good news? Younger generations have a once-in-a-generation chance to acquire, modernise, and scale these businesses. 
 
The bad news? If no one steps up, we could be witnessing the slow death of the local butcher, takeaway shop, and greengrocer—as Coles and Woolies swoop in to take it all. 
 
So, where do we go from here? Thoughts? 
 
*The image is not my parents…. Dad hasn’t got a beard.