Un-Retirement: Small Business Trends: Baby Boomer Entrepreneurs and Work Life Balance
July 5, 2007
If you're new here, you may want to subscribe to my RSS feed. Yes, this is the new home of Business Performance Coaching of sbishere.com Thanks for visiting!
Anita Campbell writes Small Business Trends – Baby Boomer Entrepreneurs and Work Life Balance…
…not only is there a trend toward Baby Boomers undertaking new opportunities as entrepreneurs, but that in turn is giving rise to new opportunities for enterprising entrepreneurs to serve this huge demographic.
I first began watching this trend back in late 2004 when I was writing my first book, Tips and Traps When Buying a Business and again in my latest book, Tips and Traps for Writing an Effective Business Plan.
Research shows that more individuals are choosing a post-retirement career jump, new business ventures or skipping retirement all together. More baby boomers are seeing retirement as a lifestyle change and a new opportunity rather than the conclusion of a career, and nearly 70 percent report that they expect to continue working well into their retirement years, according to AARP surveys. Anita Campbell, founder and editor of Small Business Trends, has labeled the phenomenon “un-retirement” and says boomers are the driving force toward a new balance of work and leisure. Via Courant
With 70 percent working in retirement, many seeking new business ventures, and viewing this as a “lifestyle change” spells a real challenge for employers with baby boomer employees and an opportunity for business owners that are looking for buyers for their business because they will be looking to Buy a Business, Not Start a Business.
Article Series - The Remote Control CEO
- What is a Remote Control CEO?
- Six Inches of the Most Expensive Real Estate In the World
- Outsourcing: Hire Your Customers
- New Employee Indoctrination and Training for a Small Business
- CEO Radar: A 360 Degree View
- Experience Flow
- IBM – Expanding the Innovation Horizon: Global CEO Study 2006 – United States
- How Irrepressible Entrepreneurs Transform Their Business and Life
- Un-Retirement: Small Business Trends: Baby Boomer Entrepreneurs and Work Life Balance
- Have a dream? Get The Mindset of a Champion
- Listen To Your Heart and Soul by Eliminating Noise
- Budget for Thinking Time
Comments
2 Responses to “Un-Retirement: Small Business Trends: Baby Boomer Entrepreneurs and Work Life Balance”
Got something to say?
Getting the Price Right
My Books on Amazon
Recognition
Baby Boomers are a special group in that the financial risk they take may be higher than a younger group. When I took my risks in my 30’sand 40’s I had time to recover from setbacks. Someone in their 50’s and 60’s has little cushion if things go bad. That’s fine if people are aware and take more conservative financial measures.
For many baby boomer business owners starting a business have many reasons to start a business, they are taking the risk because for the first time they are ‘betting’ on themselves.