A few weeks ago, I told you about a conversation that I had with a good friend of mine about the ability of older entrepreneurs to succeed. In our first argument, she claimed that older adults simply don’t want to start businesses… and, even if they did, they wouldn’t have the creativity, drive and passion to kill it in the marketplace.
What did your parents tell you about the path to success in America? If you are like most of the 50 and 60-year-olds that I have spoken with, the answer is probably “Not much. I had to figure it out by myself” or “They told me to work hard, finish school, get a job with a good company and stick with it as long as possible.”
Like many – dare I say MOST successful entrepreneurs – I started my side business way before I left my corporate career behind. Already in my early 60s, I could see that my days of working for a large company were numbered. At the same time, I wasn’t in a hurry to give up my steady paycheck.
According to most experts, splitting your attention between two business ideas is a recipe for disaster. Focus, they insist, is the name of the game when it comes to starting a business.
One of the great things about starting a side business in your 50s or older is that you already have a pretty good idea of your skills, experiences and passions. If you haven’t taken the time to document these aspects of your life, don’t worry! I’ll give you some brainstorming tips in a second.
Women over 60 have a strong independent streak. When we were younger, we used the word “freedom” carelessly. In many ways, it defined our lifestyle. We were free to wear bohemian clothing, free to travel where the wind took us and free to choose unconventional lifestyles.
I’m not sure why, but, it seems like older adults are routinely the target for scams of all kinds. Maybe criminals have simply fallen for the same aging stereotypes as everyone else and believe that we are easy targets. Or, perhaps they rightly assume that, statistically at least, we have more money to spend.
Few beliefs are as harmful when it comes to starting a business than the “I saw no-one was doing it” myth. We’ve all seen the interviews…
A 20-something start-up founder in a hoodie is talking publicly about his company for the first time. He explains that his company came into being because he personally had a need that no-one was filling.
Have you ever thought about starting your own business? Do you feel like you have so much more to do and say with your life?
“What’s it like to work as a funeral director?” This is a question I’ve been asked time and again. My response: It’s not easy, given the complex emotions involved. It takes enormous commitment and dedication, along with a compassionate nature and respect for tradition and ceremony.