In many areas the post-recession fears have not subsided. Businesses are still dragging payments, for inordinately long periods. Businesses are still refraining from making purchases, even when the ROI on those purchases are quite attractive. Many businesses are hesitant to fund innovations and, as a consequence, they are slipping farther behind the pace of automation in their business sector.

It looks like lots of baby boomers are attempting to recover the financial losses they experienced during the recession of 2008/9 and the Canadian dollar volatility that followed that recession. The recession itself took money out of baby boomers' pockets. The rapid decrease in the value of the Canadian dollar took more money out of some baby boomers' pockets. And the economic challenges during the last year have exacerbated these problems. 

When you put it all together many baby boomers are reluctant to spend money on their businesses at this point in time. 

I suppose this is no surprise to economists. Likely, in every generation of business, the leading generation of business people hits a point when it becomes less confident and less courageous. When that happens expenditures shrink. And protectionism, around personal wealth, sets in. 

Regardless, it certainly is troubling to watch the value of baby boomers’ businesses shrink…year after year.

Perhaps, it is time to consider better options…small changes for the better.

What legacy do you want to leave?