The Main Advantages Of Starting A Company When You Are A Baby Boomer There are a number of factors as to why about half of baby boomers are thinking about delaying retirement, like lost retirement saving due to the recent recession, wanting to make a little extra money, or possibly the enjoyment of working, so a sensible option for people facing retirement is to become an entrepreneur, starting a company that will generate income now and beyond retirement. If you’re thinking about starting your own business post-50, then you’re not the only one. Reported by a Kaufmann Foundation study, the number of businesses founded by those aged 50 and older in 2008 was double that of businesses started by people in their 20s. There are lots of business ideas for baby boomers out there to meet your financial needs through retirement - and business ideas that might entertain and allow you to discover a new talent. You may not have to stop working unless you want to when you hit retirement age. In certain situations, starting you own company can be far more rewarding than your previous career. A great deal of baby boomers have developed a hobby that they truly enjoy, over the years. For some it’s collecting an item, repairing motors or electronics, or practical skills like baking. You can get enjoyment and bring in some extra cash when you turn this hobby into a small home business. Opening up a business that sells vintage musical equipment, antique books, or starting a cooking demonstration or furniture-making service attracts all segments of people, and might not demand too much startup capital. Auction and classified listing websites allow home-based business owners to run a store from the home - you can use your garage as a warehouse, and your home office as your base of operations. There's also a number of business ideas for baby boomers that appeal to other baby boomers. If you have spent your career in finance or accounting, you can use your skills to manage money or retirements for other baby boomers. Your age and knowledge may be more appealing to your peers than to a younger person. Then you need to consider boomers aged 50 and older and them dating. The amount of 50 and older divorcees is increasing according to a study by Brown University. The number of divorces in this age group has doubled in the last two decades, coming in at a total population of 600,000 in 2009. By 2030, the researchers have estimated that number to increase to 800,000. Although it may not be practical to start an online dating website, advising boomers on how to enter and succeed in the dating pool might be a lucrative business. You may want to invest in a small bar or coffee shop that is geared to boomer hookups, or run a speeddating service for people 50 years and older. Becoming an entrepreneur throughout your retirement years can be very fulfilling and lucrative enterprise, no matter what your interests or what your talent level is. Whether you’re selling or creating a specialty product, your age may lend you the special experience and trustworthiness that other age groups do not have. Whether you’re pursuing opening a small business on the Internet or in the real world, your age may offer you a credibility advantage and a world-weariness over your competitors.
Go Boomers Go
The Main Advantages Of Starting A Company When You Are A Baby Boomer
Triggered by a generation of workers who have the ability, expertise, and authority to run businesses well into their retirement, a lot of demographers and experts predict a "golden age" in baby boomer business starts. There are a number of factors as to why about half of baby boomers are thinking about delaying retirement, like lost ret...
Go Boomers Go
There are a number of factors as to why about half of baby boomers are thinking about delaying retirement, like lost ret...