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For many of us, each New Year brings with it a mishmash of emotions and challenges, some good and some bad. It’s a time to reflect on everything that went right in the year gone by as well as an opportunity to initiate the process of making positive changes moving forward. But change is rarely ever easy...
For many small business owners, the holiday season can be overshadowed by the unpleasant reality that the latest tax season is upon us. Yes folks, it’s time once again to answer to Uncle Sam and the IRS (Internal Revenue Service, as if you didn’t know!). And while some SMB (small- to medium-sized...
Deciding whether or not to stage an exhibit at a trade show or other networking event as part of your marketing mix for 2014 is something you as a small- to medium-sized business (SMB) owner might be thinking about right now. If so, you’d be one of many. Contrary to speculation in recent years that...


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Resource Center > Article
Baby Boomers, the Time to Start Your Own Business Is Now!
3 May 12 Posted by: Kathleen C Lanza
in Start Up

An article on Monday’s Businessweek.com points out that business ownership among entrepreneurs between the ages of 55 and 64 is up significantly over the past 15 years. And although there is some degree of speculation as to why that is, one thing is pretty clear, as explained by Ting Zhang, an economist at the Jacob France Institute in the Merrick School of Business at the University of Baltimore. “Older people with experience have an entrepreneurial edge in a knowledge-based economy,” he says, an economy the likes of which we've never seen before.

While the article’s author, Chris Farrell, points out that many older people choose business ownership later in life because they want to, he also acknowledges that a number of them may feel that they are left with few other more attractive options. “Nevertheless, whether out of necessity or desire,” he writes, “older entrepreneurs have a number of competitive advantages,” which includes both the knowledge that can only come from experience as well as an extensive network of contacts and support. Furthermore, the advent of unprecedented technological advancement has made the exciting prospect of working from home a possibility for the first time in many people’s lives.

If you’re a baby boomer who wants to pursue your dream of owning your own business and doing something you really enjoy, your time is now! Get started by exploring all the exciting and proven business concepts that are available in the form of home-based and other small business opportunities and franchises on BusinessOpportunity.com today!

Click here on "Older Entrepreneurs Start Companies Too" to read the full article on Businessweek.com.

 

 


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