“Two-income households typically make more, but save less,” says Cindy Hounsell, president of the Washington D.C.-based Women’s Institute for a Secure Retirement (WISER).
It’s entirely possible to start a business mid-life, and Kerry Hannon profiles 20 successful older entrepreneurs in her latest book, “Never Too Old To Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life. ”
In my new book, “Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life”, I profile 20 entrepreneurs, who have started businesses either from a passion or hobby, are social entrepreneurs, have launched senior-junior partnerships, or are female entrepreneurs — the fastest-growing demographic globally.
Boomers and Gen Xers are on the rise as entrepreneurs and the variety of businesses people are starting in mid-life is amazingly diverse. I interviewed 20 of them for my new book, Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life.
A lot of younger workers don’t even notice that someone is older until that person brings it up. If the older worker is excited and energetic and passionate about an issue, that is what you are focused on, and you’re not talking about your age.
“People now compete globally, and it is intense,” said Erdin Beshimov, a founder and director of M.I.T. Bootcamps, which started five years ago. “The opportunities are much greater for those with a global mind-set.”
There are the less tangible benefits of being in a family business poised to grow. Family members offer emotional support, which often comes in handy when facing the turbulence and risk of growth. A family firm is also able to make quick decisions — quicker than non-family firms — because of the high-trust environment.
Career transition is a process. No rash moves. Don’t get hung up on the daunting thought that you’re reinventing your career. You’re redeploying your skills.
Writes Vera Gibbons: Encore careers are becoming increasingly popular in retirement. In fact, according to a study by CareerBuilder, nearly 60 percent of workers who are age 60 or older anticipate looking for a new job after retiring.
If you’re thinking about starting a business, a great way to learn how to do it is by speaking with women entrepreneurs who’ve done so successfully. I just had an opportunity to do just that, talking with three I saw at the What’s Next Boomer Business Summit in New Orleans