Monmouth's Ask the Doctor May-June 2020

Encore Entrepreneurship SENIORS Encore Entrepreneurs are older individuals who have chosen to start their own businesses and enter a new career. This type of Entrepreneur is quickly growing to be the largest group of entre- preneurs in the entire United States. According to Forbes, Americans aged 55-64 start new businesses at a higher rate than any other age group. 23% of new entrepreneurs are over 50 and using the financial security they’ve developed over their careers as well as their experience, passion and expertise to help fund their new small businesses. ...continued on page 20

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SPRING 2020