Baby Boomer Generation of Entrepreneurs

As baby boomers consider career and lifestyle shifts that extend beyond their work careers, tapping into the world of business ownership can allow them to leverage their flexibility, know- how and business acumen to go into business for themselves. Many have already joined the ranks of the nations self-employed and small business owners.

The U.S. Small Business Administration today unveiled a new Web site geared to the 50-plus entrepreneur, providing useful information, links and resources vital to starting, growing and expanding a small business.

The new Web site at www.sba.gov/50plusentrepreneur features interactive information and links to help 50-plus entrepreneurs consider the benefits and rewards of business ownership, and to help them make informed choices about business ownership.

The SBA is working hard to increase opportunities for small businesses of the baby boomer generation at every stage of their business development through better technology tools and effective services through the agencys district offices and resource partners, SBA Acting Administrator Sandy K. Baruah said. We believe 50-plus entrepreneurs will drive significant new business growth in the coming years.

Components of the new Web site include a self-assessment feature to help the aspiring entrepreneur determine his or her business readiness, information on borrowing and credit, and inspirational success stories from baby boomer entrepreneurs. The Web site will help users evaluate the reasons for business ownership after age 50, the risks involved, and how to devise a plan of action at every phase of business development.

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One Response to “Baby Boomer Generation of Entrepreneurs”

  1. Shallie Bey Says:

    Thank you for sharing this post on Baby Boomer Entrepreneurs. I was very excited to learn of the new emphasis on helping us Baby Boomers navigate through the new phase of our lives that is unfolding.

    For several years, I have personally been working to strike that balance in life that appears to be the core issue of this trend. I am sure many others will also benefit from these new resources that you are pointing out.

    Shallie Bey
    Smarter Small Business Blog

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