Age Is No Limit To Entrepreneurship
March 14, 2008 by Yvonne Russell
Older people joke that they’re still trying to work out what they want to do when they “grow up”. Being young at heart and having a zest for business and life, is what drives many older entrepreneurs.
This demographic is also the fastest growing group on the internet so are savvy about searching out resources and support networks.
The Times Online has an interesting article about people who started their business in their 60’s. Rayment Kirby, a camera maker is still going strong with his business at 75 years of age.
It seems he is not alone. Frances Kay, editor of the The Good NonRetirement Guide offers some insights.
People are living longer and are healthier so you probably have 25 years between 55 and 80 when you can get a heck of a lot done. There is a lot you can achieve and it can be hugely satisfying.
You can take it a bit more leisurely and you have the confidence because if you have been working for 30 or so years you will have picked up a lot of knowledge and skill over that time.
The article also quotes Colin Weatherspoon from Cobweb Information, a research company for entrepreneurs.
Older people tend to start up businesses that are less risky…They are not high-growth businesses or trendy businesses. They are what they know, what they are good at, what they are experienced at. Older people start businesses in which they can use the experience they have acquired.
- What advantages do you think older entrepreneurs can bring to a home business?
The idea of Baby Boomers starting businesses is key to my life, both as a boomer myself and as someone who trys to help business owners as a career. It is so important for this idea of a balanced life to be made more visible.
Thank you for this excellent post. I will be sharing it with everyone with whom I discuss Baby Boom Entrepreneurs.
Shallie Bey