The Millstone Times February 2020

As We Age

Encore Entrepreneurship Seniors

Encore Entrepreneurs are older individuals who have chosen to start their own busi- nesses and enter a new career. This type of Entrepreneur is quickly growing to be the largest group of entrepreneurs 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 secu- rity they’ve developed over their careers as well as their experience, passion and exper- tise to help fund their new small businesses. SBA.gov has a course available with worksheets to help this demographic with info and advice. This course is designed for individuals planning to start a business after earlier career endeavors. Since encore entrepreneurship is quickly becoming a popular business venture after retirement. The SBA offers online a successful encore entrepreneur plans while these se- niors can work diligently to realize their business ownership goal. Visit SBA.gov for info that includes a lot of very useful tools. It also provides a checklist that covers information from their 30-minute online course. The online course and checklist document your thoughts, ideas, and action items you need to do and consider if starting a new career is really what you want.

The course is intended to help you document your ideas and possible solutions to common challenges small businesses face daily. You are not alone! If you would like talk to someone about your business, the SBA has a broad network of skilled counselors and business development specialists waiting to help your business start, grow, and succeed.

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