In 2016, 25% of new ventures were started by adults 55-64 years old. The rate of entrepreneurship has grown faster in this demographic over the past 20 years than in any other.
Gallup reports that 80 percent of Boomer startups are built as lifestyle choices meant to supplement retirement income and keep the mind engaged. Companies launched by people in their 50s have a 50.3 percent survival rate over eight years, which is a rate higher than those founded by any other age group. Much of that success derives from experience and networks developed in earlier careers.
Best industries for starting a business today:
- Home Maintenance
Age is Really Just a Number When It Comes to Entrepreneurial Success: https://www.entrepreneur.com/article/235357
Why More Encore Entrepreneurs Would Help Aging in America: www.forbes.com/sites/nextavenue/2017/02/09/why-more-encore-entrepreneurs-would-help-aging-in-america/#455439972c30
Entrepreneurship Among Baby Boomers: http://gflec.org/wp-content/uploads/2016/10/WP-2016-4-Entreprenuership-Among-Baby-Boomers.pdf
FOR LOCAL HELP EXPLORING YOUR BUSINESS IDEA:
Women (and men) entrepreneurs
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