In 2019, 57% of small business owners were over the age of 50, according to Guidant Financial’s State of Small Business report. With older entrepreneurs on the rise, the Baby Boomer generation— which still dominates politics — is proving that youth is no magic formula for business success.
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. ”
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.
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.
The older partner can bring decades of experience, potential clients or customers and possibly capital while the younger one can deliver the ambition of someone in the early stages of a career, plus an eagerness to try new ways of doing things.
From crafting a budget to serving as a sounding board, financial advisers can play an important role
One of the best decisions I ever made was to declare my freedom from my full-time job as a columnist for a national newspaper and start my own business as a freelancer. That was my personal independence day, and I’ve never looked back. Since then, I’ve also become an author of numerous books, a frequent […]
A friend of mine, Wendy Volhard, recently sold her pet food business, Volhard Dog Nutrition. Since I’ve been writing about entrepreneurship for women over 50 lately, the passing of Volhard’s baton got me thinking about the question of how women should prepare to sell a business. And that led me to speak with Matt Hansen, a Certified […]
Sanyin Siang, author of the excellent new book, The Launch Book: Motivational Stories to Launch Your Idea, Business or Next Career, radiates a sense of possibility for women entrepreneurs. After reading her book, I Interviewed Siang, 43 (who’s executive director of the Fuqua/Coach K. Center on Leadership & Ethics at Duke University and has served on […]
En español | Last year’s major tax overhaul shook things up for freelancers, gig workers and sole proprietors, who now are starting to wonder about how the new law will affect their taxable income for 2018. For the most part, the tax law will help many freelancers — from bloggers to caterers to tutors. While deductions for real estate taxes […]