Millennials, Gen Z, and X that have aging relatives who are about to retire from operating their small brick-and-mortar businesses are expected to get a business as an inheritance from them in the years to come. This could either be a major wealth transfer to those who are prepared or it could be a nightmare if the current generation is not prepared to properly operate and mitigate business expenses of the small brick-and-mortar business.
Thus, those that choose to operate the inherited business from the boomer generation will have to work smarter to keep their profit margins high, especially at a time when energy prices are not coming down. To do this, one of the first things the inherent should do is replace the brick-and-mortar business windows with high-quality insulated ones.
As odd as it may seem, investing in high-quality windows is likely the greatest investment a small business owner could do to remain profitable. Their ability to largely reduce energy/utility costs allows businesses to widen their profit margin and reinvest in themselves first. This should be every profitable business’s goal.
As millennials, Gen X, & Z inherit businesses that their relatives from the boomer generation owned, they should prepare now and make the most wise investments like insulated windows so that they can profit from their business as the previous generation had done.