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.
Changing demographics are creating a workplace that is more age-diverse than ever before. Just look around. From post-millennials to baby boomers, more and more generations are working side by side. Employers who take the right steps can leverage the multigenerational workforce as a key to success.
When we feel relevant doing work we love, with people we love, and making a difference in some fashion in the world around us, we live richer lives.
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.
Worldwide population aging is just beginning. “The world will look much older in the decades to come, and employers must adapt to this demographic shift,” Paul Irving, chairman of the Milken Institute Center for the Future of Aging
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.