In the past few years, I’ve noticed more Baby Boomers coming out of retirement and starting new businesses. I’ve been advising some Boomers with their concept development and brand strategy. It’s an inspiration to meet individuals interested in learning, growing and taking on new challenges.
When I was a kid, all the ‘senior citizens’ I knew were over 65; many were living in residential villages or nursing homes. They were all ‘retired,’ after spending 30-35 years at one or two companies. Today, my parents’ neighbor, Dwight, is 72 and although he is officially ‘retired,’ he still works part-time with kids and the elderly. My own neighbor, Lisa, is 74 and she still carries a full-time load. Not only are they healthier than their counterparts a few decades ago, they also enjoy being active and staying fit.
I recently came across this NY Times article, For Many Older Americans, an Entrepreneurial Path, and want to share as a source of inspiration.
The article also sited the following. According to a recent study published by the Kauffman Foundation, and Legal Zoom, in 2013, about 20 percent of all new businesses were started by entrepreneurs aged 50 to 59 years, and 15 percent were 60 and over.
The past decade, the highest rate of entrepreneurial activity belonged to those in the 55-to-64 age group, according to the Kauffman Index of Entrepreneurial Activity. Kauffman Index of Entrepreneurial Activity.
If you’ve been spending the last decade or two focusing on your job instead of your vocation, and are ready for change, make the time to reflect and identify your untapped talents. It is never too late to start your second or even your third act.
© 2014-2015 My-Tien Vo