Study: Concerns vary among different generations of entrepreneurs

According to recent research conducted by the Securian Financial Group, small business owners belonging to the Baby Boomer generation may benefit less from the services of a financial adviser than their Generation-X counterparts.

The report - titled Generational insights: A comparison of Gen-X and Baby Boomer small business owners - found that Gen-X entrepreneurs are most concerned with the day-to-day aspects of running their own company, such as managing cash flow and engaging in business advertising. In contrast, Baby Boomers tend to prioritize "big-picture" concerns, such as the state of the economy, personal retirement plans, exit strategies and healthcare costs - unsurprising given that they're approaching retirement age.

Because advisers are generally more helpful with regard to immediate needs, Gen-X entrepreneurs are likely to benefit more from their services than Baby Boomers, the report suggests.

When it comes to managing day-to-day business operations, an increasing number of small and medium-sized businesses are relying on mobile and tablet devices for connectivity, according to a recent national study by The Business Journals. More than one-third (34 percent) of surveyed entrepreneurs reported using iPads in their daily business activities.