The pain and uncertainty of the impact of the coronavirus on small business owners is staggering and likely to be substantial. Entrepreneurs are being forced to take drastic steps to continue operating and many are fearful about their futures.
Kerry Hannon and host Ted Fox discuss how to think about work at different ages and stages of a career, from people who are just starting out to those 50 and over. The latter were the focus of her 13th book, Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life.
Join Kerry Hannon, author of Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life, to dive into your story and start taking the steps to craft your own business path. Alongside Kerry and MEA Founder, Chip Conley, you will dissect what it takes to rewrite your second act and become an entrepreneur.
Women are starting businesses out of necessity, because they can’t find decent jobs, or are unemployed, according to Amex. Some are launching their own businesses because workforce rules aren’t flexible to adapt to their caregiving duties for aging relatives or children, or they want more power over their working lives.
A co-working space, of course, is appealing for new entrepreneurs of all ages. It’s practical for owners on a tight startup budget who want to surround themselves with other creative small business types. But for those who want a more tranquil setting, the Greenhouse model is a win-win.
It’s generally acknowledged that women get a fraction of venture capital globally, and that those who are black, Hispanic or Asian get significantly less.“Money is the biggest stumbling block for female-led start-ups,” said Suzanne Norris, a partner at Victress Capital, a Boston-based firm that invests in companies with female founders and gender-diverse teams.
“If it’s something you’re passionate about, find a way to start testing it and doing it, even if it’s on a really small scale,” Ms. Miller said.
There’s something about entering the fifth decade, or later, that spurs a desire in many people to soul-search about what truly provides meaning in their lives and how they can help solve thorny social problems that disturb them. It strikes the chord of big cosmic questions such as “Is this all there is?” and “What will I be remembered for?”
“Sidepreneurs may be testing a business idea while holding down a job or supplementing income or seeking a creative outlet or an additional challenge,” according to the Amex report.
The Washington Post’s Color of Money Book Club pick: “It’s about fearlessly creating something new regardless of your age,” Hannon writes. “It’s scary. It’s risky. It’s hard work, and most entrepreneurs I have interviewed have told me that their only regret is that they didn’t do it sooner.”