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Richard Perry MA FRSA's avatar

Great post and I share you desire to do something about this issue. My daughter is a little older and I’ve seen her journey.

I’ve also helped recent graduates from my old University and it’s made me realise we need this inter generational effort.

We also need to educate the HR and senior executives of the recruiting companies.

For me this is about empowering people, it’s about their ability to access agency and ownership so they have a sense that things are achievable.

In terms of ownership , without this turning into an essay, I believe that there are grounds for hope . We are about to witness the ‘silver tsunami’ as older business owners look to exit , leave a legacy and manage the succession . In effect it applying the principles of regeneration to business ownership.

My view is we can develop the idea of a search fund to facilitate this transition of wealth and ownership.

I think it’s perfectly possible to educate business school students ( any student) to acquire an existing business in a smart way. We may even include employee ownership .

I call it Mutual Equity and I’d like to see it bigger than Private Equity. KKR have taken very small steps in this direction so I see a bright future.

I look forward to our conversations 🙏

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Lisa Flick Wilson's avatar

Love this reflection, and your writing in general Sharath. As a parent of twin 20-year-olds, third year in college, I think a lot about their future. And even though I have great hope and trust that things will work out for them, I do have fears and worries. Like you, I have a massive desire and interest in all things leadership development and I really adore Gen Z in many ways, and also see where they need massive support. Always game for a creative and curious conversation or continued collab with you if ever a chance - especially since we were largely robbed of our chance to execute on our visions!

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