The numbers coming from the U.S. point to a rise in the number of entrepreneurs aged 55 to 64. Research by the Kauffman Foundation on entrepreneurship indicates an increase from 15% in 1997 to 26% in 2015.
Boomers are, true to form, changing the meaning of the word ‘retirement’. If you look it up in any dictionary, retirement is all about stopping work. But even if we can afford to, many of us have no intention of stopping work…
For many of us, starting a business in retirement is a first. Fresh out of employment in the corporate sector, we know tons about the machinations of a large corporation. Put to the test, however, we find we know very little…
Are you thinking of starting a small business in retirement? Taking on a coach is a really good place to begin.
If I asked you to provide some reasons as to why many Boomers want to continue working in retirement, the most frequent answer would be, “for the money.” I don’t doubt that is the main motive, but I would like to further unpack the issue of Boomers choosing not to stop working.
Many of us do not even consider stopping work as an option in retirement. We may plan to work in a different way, different hours, or even utilizing totally different skills. I find exciting the notion that many of us decide to use this opportunity to work at something we are passionate about.
Many of us are turning our hands to starting a small business to supplement retirement income. This will probably pose no problems if you have been an entrepreneur previously – though few entrepreneurs retire!
The changing face of work as we enter the 4th industrial revolution has created an opening for digital nomads.
As a retirement coach, I spend my time discussing the possibility of working for oneself in retirement. It offers the opportunity to work flexible hours and to do something that ignites your passion.