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jerryking : seniorpreneurs   29

Retiree Start-Ups With Age and Youth as Partners -
Published: September 9, 2013

The rise of senior entrepreneurs like Mr. Lowe has been well documented. But start-ups like the one begun by Mr. Lowe and Mr. Uselton are a new twist in the trend, and a variant of traditional family businesses: so-called legacy partnerships. The partnerships are started at or near the older partner’s retirement from a lifelong career, so two generations bring complementary assets to a new business. The assets are typically capital and experience from the older partner and energy, technical expertise or online marketing skills from the younger.
retirement  entrepreneurship  start_ups  partnerships  generations  multigenerational  seniorpreneurs  Second_Acts 
september 2013 by jerryking
Startups After Sixty
September 1986 | Venture | Shelley Aspaklaria
start_ups  retirement  seniorpreneurs  entrepreneur 
november 2012 by jerryking
Entrepreneurs With an Edge -
November 6, 2000 | WSJ| By CHRISTINE LARSON.

Today, Americans at least 50 years old comprise fully 24% of Internet-business founders, according to Industry Standard, a technology trade journal. Older adults can be found in every e-business outpost, from mom-and-pop craft stores to multimillion-dollar public companies. They bring with them not only a wealth of experience, but an appreciation of old-fashioned business values such as customer service and tightfisted cost control.

Equally important, they often enjoy an economic and personal stability that can cushion the bumps of start-up life
aging  entrepreneurship  slight_edge  baby_boomers  retirement  Second_Acts  start_ups  seniorpreneurs  mom-and-pop  midlife  e-commerce 
july 2012 by jerryking
Forging Ahead
April 9, 2007 | Worth

Wealthy seniors far from retiring.

Gone are the days when retirement was associated with a rocking chair. Older millionaires are returning to the workforce or redirecting their energy to volunteer work and travel, according to the Northern Trust Wealth in America 2007 survey released April 2.

Among the 1,002 respondents to an online survey conducted last November and December, 48 percent said they were retired, but 29 percent have returned to the workforce—18 percent part time and 7 percent full time, with 4 percent looking for work. Among respondents older than 70, one in six remains in the workforce, either rejoining the ranks of the working after retirement or never retiring at all.

“Retired business owners and executives tell us that they want to give back the knowledge they've gained during their careers." said Gregg Yaeger, head of the financial Consulting Group at Northern Trust. “And many continue to explore and start or invest in new ventures."

Seventy-six percent of respondents said ensuring a comfortable standard of living was a key retirement Issue, while health-related issues, both financial and physical, also ranked as top concerns. The study found that 64 percent of millionaires believe It is important to pursue personal interests and hobbies in retirement; 61 percent want to travel; 53 percent desire an active lifestyle; 30 percent want to volunteer in their communities; and 30 percent would like to continue their education.
surveys  high_net_worth  retirement  work_ethic  work_habits  start_ups  passions  passion_investing  seniorpreneurs  owners  Second_Acts 
june 2012 by jerryking
Second Wind
September 2005 | Worth | By Jeff and Rich Sloan.

1. Choose a business (and a role within it) that reflects your personal passion and lifestyle.
2. Spend 20 hours working each week instead of 60.
3. Place the importance of your employees" personal success as your company's financial bottom line
4. Use your VIP status to open doors that most small companies can only dream of opening.
5. Drop the corporate diplomacy you perfected in years past and replace it with straight talk.
6. Hire pcople who not only share your vision but who are willing to take big risks and take your vision to new heights.
7. Set up the company so they can run it.
8. Have fun!
Gulliver_strategies  retirement  Second_Acts  serial_entrepreneur  factoring  passions  passion_investing  lifestyles  seniorpreneurs 
june 2012 by jerryking
Redefining retirement - Jan. 12, 2000
January 12, 2000: 11:46 a.m. ET

Starting a new life - and a new business - after retirement is possible
By The Applegate Group
retirement  entrepreneur  seniorpreneurs 
may 2012 by jerryking
"Sailing Was Boring" ProQuest
Leonard, Burr. Forbes140. 2 (Jul 27, 1987): 50.

By 1981, when he decided to retire, Lou Purmort had built US Filter Co., the company he started 28 years before, into one of the largest water and air pollution control companies in the world. Purmort soon became bored with retirement and decided to go back to work. He decided to found American Toxxic Control, a hazardous waste management company that, now, after only 7 months, is already profitable. While most of American Toxxic's competitors specialize in only a few types of toxic waste treatment, Purmort's company will make toxic control equipment and design and build on-site waste management facilities to minimize or recycle all types of toxic waste. Purmort is building American Toxxic as he built US Filter -- acquiring small companies for stock, cash, or both. He first merged American Toxxic Control into a solar energy shell company named Novan. Since then, he has paid 7 million Novan shares and $1 million in cash to acquire 4 engineering and equipment companies, each specializing in a different aspect of waste toxic treatment technology.
ProQuest  retirement  serial_entrepreneur  seniorpreneurs  Second_Acts 
may 2012 by jerryking
Opportunities for Entrepreneurship in Later Life
Opportunities for Entrepreneurship in Later Life
Rogoff, Edward G
Generations; Spring 2007; 31, 1; ProQuest
pg. 90
ProQuest  entrepreneurship  retirement  Second_Acts  seniorpreneurs 
may 2012 by jerryking
'Greypreneurs' on the rise - The Globe and Mail
Globe and Mail Update
Posted on Wednesday, May 9, 2012
entrepreneur  retirement  seniorpreneurs 
may 2012 by jerryking
The 60-Something Entrepreneur: Can a Start-Up Pay For Retirement? -
DEC 18 2011 | The Atlantic | DARREN DAHL - Dahl is a contributing editor to Inc. magazine and a business writer in North Carolina
start_ups  retirement  entrepreneurship  Second_Acts  seniorpreneurs  North_Carolina 
december 2011 by jerryking
I'll Be Back -- Delaying Retirement -- Future Planning |
Feb 1, 2008 | Inc. Magazine | By Leigh Buchanan |

Business owners may dream of kicking back, all the way back, after years of full-throttle company building. Yet many return to the fray, suffering adrenaline withdrawal and lured by new opportunities. No one has quantified this breed's failure rate when it comes to permanent retirement. But numerous entrepreneurs tell the same tale: "I sold the business and figured I had it made, so I retired. That lasted about three months."...Running a company leaves scant opportunity to personally assist immunization programs in Africa or build irrigation systems in rural Latin America. Yet those are the sorts of experiences that change people and supply direction for meaningful lives, according to Marc Freedman, founder and president of Civic Ventures and author of Encore: Finding Work That Matters in the Second Half of Life. "Join the Peace Corps. Live in a part of the world where there's tremendous need," advises Freedman. "This is your chance to lift yourself out of your comfort zone....For more ideas and insights on creative ways to recharge, take a look at the following books: Encore: Finding Work That Matters in the Second Half of Life, by Marc Freedman; Don't Retire, Rewire!, by Jeri Sedlar and Rick Miners; and Retire Smart, Retire Happy, by Nancy K. Schlossberg.
entrepreneur  books  serial_entrepreneur  midlife  serial_entrepreneurship  retirement  accessories  seniorpreneurs  Second_Acts  purpose  mission-driven 
november 2011 by jerryking
What's Next? Ever wonder what you'd do if you sold your business? These six entrepreneurs have some surprising answers. - April 1, 2004
By Anne Fisher
April 1, 2004

The entrepreneurs mentioned here can easily afford to do whatever they want, including nothing. Yet especially among this group, it seems that the word "retirement" itself needs to go find a rocking chair someplace. There are no statistics on what small-business owners do after they sell their companies--no one is counting, for example, how many launch another startup. But among boomer entrepreneurs, now in their early 40s to late 50s, who built thriving businesses and then sold them or took them public, the idea of idling away the hours is anathema. Instead, most start or buy another business or set out to save the world (or just a small corner of it) through nonprofit work. Or they pursue some combination of the two--often with time left over for that morning tennis match and Tuesday night Hold 'Em....Says Verne Harnish, CEO of Gazelles, an executive-development firm for small to midsized companies: "With the mergers-and-acquisitions market sizzling and big companies trying to buy innovation, right now is the perfect moment to sell a business and go and do something else." ...The answer for most of those type-A personalities is not whiling away time on the beach. (For an exception, see the profile of the retired management-training entrepreneur who, after some difficulty and with practice, has adapted to a life that includes skiing at least 80 days a year.)..."When people ask what I do, my wife tells them I'm a private investor,"
exits  serial_entrepreneur  retirement  Second_Acts  gazelles  small_business  personality_types/traits  seniorpreneurs 
november 2011 by jerryking
People 55 and Older Start Own Businesses in Growing Numbers -
March 3, 2010 | New York Times| By STEVEN GREENHOUSE. More
than five million Americans age 55 or older run their own businesses or
are otherwise self-employed, according to the Small Business
Administration. And the number of self-employed people ages 55 to 64 is
soaring, the agency says, climbing 52 percent from 2000 to 2007.

Like Ms. Dolphin, some use money from a buyout to finance a new company.
Some of these entrepreneurs were already retired, but after seeing
their 401(k) retirement plans plunge in value, created a business in a
quest for extra income. Some had lost their jobs and, after months of
searching for work, started a business to make ends meet, perhaps
catering, cabinet making or doing photography.
retirement  baby_boomers  entrepreneurship  seniorpreneurs  self-employment  aging  midlife 
march 2010 by jerryking Over 50 and ditching the corporate world for franchising
May 8, 2009 | The Globe & Mail | TENILLE BONOGUORE. The
average franchise last year cost about $140,000, including working
capital, said FranNet of Southern Ontario president Gary Prenevost. This
year, it's under $100,000, and people are exposing less of their net
worth to the risk. "Last year, people were prepared to expose ... 25 to
40 per cent of their net worth," Mr. Prenevost said. "Twenty to 25 per
cent of net worth is really the comfort zone now."
baby_boomers  franchising  CARP  retirement  Second_Acts  seniorpreneurs 
may 2009 by jerryking
Retire-preneurs making their mark
May 2008. | Corporate Report Wisconsin. Vol. 23, Iss. 9; pg.
49, 1 pgs | John R Ingrisano.

Here it is by the numbers: As many as 1 million "seniorpreneurs" - men
and women between age 55 and 64 - may be starting up each year, reports
the University of North Florida (May 2007). Plus, AARP reports that as
many as 40% of American entrepreneurs are over 50. Business start-ups by
men and women age 55 or older increased by 35% between 2001 and 2005.
More telling, these businesses now represent 28.7% of all self-employed
workers. That's the highest percentage among all age groups.
AARP  entrepreneurship  CARP  data  statistics  Second_Acts  retirement  seniorpreneurs 
may 2009 by jerryking
Retirees No More, Starting a Business Article - Inc. Article
March 2004 | Inc. Magazine | by Jessalyn Swindoll

More and more older workers are starting their own businesses. According
to a study released by the AARP Pubic Policy Institute, about 16% of
people over 50 are in business for themselves, compared with only 10% of
all workers. And, according to the Self-Employment and the 50+
Population study, about one in three of those workers made the
transition to self-employment after age 50. With the large group of
aging Baby Boomers, this number is likely to increase in the future.
retirement  entrepreneurship  self-employment  baby_boomers  aging  seniorpreneurs 
april 2009 by jerryking
The Retirement Myth - Life After 65 - Senior Entrepreneurs - Small Business Owners and Retirement
October 2007 | Inc. Magazine | By Angus Loten. Older
entrepreneurs like Gable -- along with the baby boomer generation not
too far behind -- are rewriting the rules of retirement. Today,
small-business owners and their employees are living longer, healthier,
and more productive lives than ever before. Given these demographic
shifts, it's not surprising that people around the world are starting to
have second thoughts about retirement.
retirement  AARP  entrepreneurship  Angus_Loten  CARP  self-employment  Second_Acts  seniorpreneurs 
april 2009 by jerryking
Retirees No More
March 22, 2004 | Inc Magazine | Posted by Carole Matthews. A growing share of older workers are starting their own businesses.
AARP  retirement  entrepreneurship  CARP  Zoomers  self-employment  seniorpreneurs 
april 2009 by jerryking

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