Self-Made Retirement Careers
Monday, November 10th, 2008People age 50-plus are looking for options beyond retiring full-time. Since the majority of companies are not embracing phased retirement yet, many are starting businesses on their own.
In fact, according to the Kauffman Foundation, Americans aged 55 to 64 form small businesses at the highest rate of any age group—28% higher than the adult average.
The SBA has recognized this trend and started a website just for 50+ entrepreneurs.
Here are some questions that would-be entrepreneurs should ask themselves:
- How do you define business ownership?
- What is your tolerance and capacity for risk?
- What do you want out of your business in return?
Your answers will help determine whether a solo venture, start up, franchise, or a business acquisition is right for you.
Posted by Jaime.