10 Reasons for Baby Boomers Becoming an Entrepreneur [VIDEO]
July 26th, 2008
[VIDEO] Baby Boomers comprising nearly half the country's self-employed workers (7.4 million) and entrepreneurship growing.
Baby Boomers comprising nearly half the country's self-employed workers (7.4 million) and entrepreneurship growing.
At present, the Baby Boomer generation is redefining retirement, shunning the conventional traditions of stopping, ceasing, and leaving in favor of staying involved, continuing to contribute, and following our passion. Like so many of us, you, too, might find that there are some very compelling reasons to either become or continue being an entrepreneur, well past midlife.
10 Reasons for Becoming a Baby Boomer Entrepreneur: 1. Baby Boomers are healthy with many years ahead of us. 2. Baby Boomers want to stay involved and engaged. 3. Baby Boomers enjoy generating extra income. 4. Baby Boomers get to build a business around something we enjoy and are passionate about. 5. Baby Boomers have a full Rolodex and 20-30 years of experience to back us. 6. Baby Boomers want the independence and flexibility that comes from working for ourself. 7. Baby Boomers have confidence and experience, and know what we're good at. 8. Baby Boomers may already have a pool of money saved to help finance our business. 9. Baby Boomers can do business from home, using the Internet as our storefront. 10. As an entrepreneur, Baby Boomers aren't discriminated against because of our age.
18th Annual Retirement Confidence Survey
So what does retirement mean to entrepreneurial Baby Boomer men or women who have successfully woven passion into what we do as small business owners? Do we plan on retiring when we reach the age of 65? Do we even want to?
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