“An intergenerational team brings more diversity in thoughts and strengths that can help a small business reach a larger audience more effectively,” says Kimberly A. Eddleston, a Northeastern University entrepreneurship professor and a senior editor on the EIX Editorial Board of the Schulze School of Entrepreneurship at the University of St. Thomas in Minneapolis.
In January 2021, 275,000 women dropped out of the labor force, amounting to roughly 80% of all workers over the age 20 who exited the workforce last month. The total number of women who have exited the labor force since February 2020 comes to more than 2.3 million. By comparison, nearly 1.8 million men have left the labor force during this same time frame.
“In the initial stages of entrepreneurship, it’s imperative [to have a support group] because that’s a period full of unknowns, self-doubt and in many unfortunate cases, loneliness,” Nathalie Molina Niño, author of “Leapfrog: The New Revolution for Women Entrepreneurs” and chief executive of O³, a privately held investment company, told me.
The pandemic intensified the labor market inequities older workers faced in securing jobs. It is quite probable that COVID-19 will force many workers in their 50s into an early retirement or gig jobs.
“We provide the platform, the tools and the resources, and the mentors bring the magic,” Dana Griffin says.
“Navigating uncertainty during this pandemic and the associated political and economic landscape is the biggest challenge for any entrepreneur,” said Sanyin Siang, executive director of the Fuqua/Coach K Leadership and Ethics Center at Duke University and author of “The Launch Book: Motivational Stories to Launch Your Idea, Business or Next Career.” “The motivator is a deep belief in the idea.”
“One of my mentors, in his 80s at the time, once told me it’s a lot more important to be interested than to be interesting,” Marc Freedman, founder and chief executive of Encore.org and the author of “How to Live Forever: The Enduring Power of Connecting the Generations” says.
Free audio series with Coach Sheree Clark will feature an interview with me on January 30th. You can sign up now. It’s called The Magnificent Midlife Woman: Awaken Your Spirit, Heal Your Body and Live Your Best Life. Here is the link. Enjoy and be inspired!
I decided in my later years it was not going to be turn out the lights and devote myself to playing 24/7. I’ve come to see this evolving stage of life like a portfolio, and I now have the freedom and self-awareness to change and reprioritize my mix of activities. I view it as having a better balance between quality time with my family, work, play, continued learning and volunteering.
The glimmers of hope for 2021 are flickering in the gloaming. But before you set aside your dog-eared 2020 calendar, there are a few pieces of business to attend to when it comes to your financial health and wealth. Here are 10 moves to make before year-end.