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.”
Author Kerry Hannon will discuss her new book, “You’re Never Too Old to Get Rich,” at Howard County’s Master Aging event on Saturday, October 19, from 10 a.m. to 3 p.m. at Howard Community College.
POSTED BY ANDY LEVINE Kerry Hannon is an absolute rock star in the world of career transitions and personal finance. She has written 12 books in this area as well as literally hundreds of articles for The New York Times, Forbes, Money, USA Today, US News and World Report and AARP. She is a sought- after […]
There is so much to do. I am not sure how many people will really be willing to put in that kind of time and effort. It is nut by nut for me, and I spend several hours a day baking them myself — while listening to opera, of course. You can’t ignore the importance of doing your research. Is there a void in the market? Is your pricing right? You have to keep on tweaking and tweaking. It has to become a part of you.