Is Midlife Entrepreneurship for You?
Last Updated on Sunday, 25 July 2010 05:12 Written by admin Sunday, 25 July 2010 05:12
Do you think that entrepreneurship is just for the young? That anyone past 50 is simply too old to start up a business? That midlife is the time when you should be thinking about retiring and preparing to live on less? If you do and if you are, then midlife entrepreneurship isn’t for you.
However, if you are someone who . . .
* likes to call the shots and live life on your own terms,
* has a strong desire for autonomy and independence,
* is a self-motivated starter,
* knows how to evaluate and take calculated risks,
* is highly self-motivated,
. . . then midlife entrepreneurship could be right for you.
I come from a long line of entrepreneurs. My grandfather owned his own business and worked as an electrician up until the day he died. He was 98. My father owned his own private practice and worked as an expert psychological witness up until three months before his passing. I, too, am an entrepreneur. And, like my father and grandfather before me, I enjoy my work, find meaning and value in what I do, and am passionate about making a difference in the world.
What about you? Could midlife entrepreneurship be right for you?
The Changing Face of Retirement
Retirement, and how we view it, has changed dramatically since the beginning of the 20th century. Before pension plans became standard offerings to U.S. workers during World War II, most people continued working until their death, relying on personal savings and family support to sustain them. While 65 is considered the normal retirement age in the U.S., many of today’s midlife entrepreneurs eschew that age, preferring instead to remain actively involved in their businesses well into their 80s. With Baby Boomers comprising nearly half the country’s self-employed workers (7.4 million), entrepreneurship among seniors is growing (so say reports from AARP and the U.S. Department of Labor). People turning 50 today still have lots of life ahead of them, and each year more than four million men and women join their ranks.
So, what is retirement, then? Is it the time when you stop work completely or is it the time when you retire from one job and begin another? Does it start at a certain age or depend on the number of years you have served in a specific capacity? Is it based on your physical condition or your personal choice?
10 Reasons for Becoming a Midlife Entrepreneur
1. You’re healthy with many years ahead of you.
2. You want to stay involved and engaged.
3. You enjoy generating extra income.
4. You get to build a business around something you enjoy and are passionate about.
5. You have a full Rolodex and 20-30 years of experience to back you.
6. You want the independence and flexibility that comes from working for yourself.
7. You have confidence and experience, and know what you’re good at.
8. You may already have a pool of money saved to help finance your business.
9. You can do business from home, using the Internet as your storefront.
10. As an entrepreneur, you aren’t discriminated against because of your age.
So what does retirement mean to entrepreneurial men or women who have successfully woven passion into what they do as small business owners? Do they plan on retiring when they reach the age of 65? Do they even want to?
If you are happily turning your passion into profit, it’s hard to think about stopping. Oh, sure, you could use some time away, an extended vacation, even a more relaxed pace. But do you actually want to retire and cease what you’re doing? Or would you rather stay involved, continuing to contribute, and enjoying life fully?
These days retirement is what you make it. At present, the Baby Boomer generation is redefining retirement, shunning the conventional traditions of stopping, ceasing, and leaving in favor of staying involved, continuing to contribute, and following their passion. Like so many of them, you, too, might find that there are some very compelling reasons to either become or continue being an entrepreneur, well past midlife.
Successful Small Business Start Up Coach, Consultant, & Author takes the fear out of starting up businesses by providing value, inspiration, and direction to entrepreneurial women transforming lives and making a difference in the world. Accidental Pren-her
Tags: Entrepreneurship, Midlife
This entry was posted on Sunday, July 25th, 2010 at 5:12 pm and is filed under Entrepreneurship. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.Leave a Reply
Luz
The Thought Provoking, Irreverent Pearl Necklace Grandmother of the 21st C. Paradigm Shifter, Poet, Storyteller, Marketer, Visionary, Blogger, Coach. Mrs. Fire
“50/50 The Magic of the Middle Line”, Experience Coaching”
Founder Soul Hangout & Co-Creative Circles of Coherence, Soul Mastermind Groups. Consciously Connecting & Combining Intelligence with a touch of “Curry”. The 7 “C”‘s of the 7 Condiments of Cooperation
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Ari Galper, the Pioneer Visionary Sales Guru of the 21st C, who dared to bring truth and humanity to the sales equation." Luz is a precious gift to the world. She has single handedly changed hundreds of lives of our Unlock The Game Inner Circle members.
She has an effortless and natural ability to help people see the truth of why they are struggling and then provide a logical path to happiness, authenticity and success. If you get the chance to work with Luz (I know she has a long waiting list of clients), then grab it while you can!"
Suffice it to say, Luz, that you are on my “Top 10 List of Love & Power-filled Women Role Models”. You delightfully epitomize a woman who seamlessly blends ’spirituality’ with Divine power and fun humor…a far cry from the dour, pious saint of yester-century! A new breed of spiritual personification is permeating our present century, and she wears a huuuuuuuuge smile! Thanks so much for being one of her faces!
I especially want to single out Luz Aguirrebena. I’ve only spent a couple sessions with her on the mindset chat forums but can say that these two hours have been worth the price of the entire system. Her suggestions and serving cold caller coaching have adjusted my approach to one of a much more confident, calm, Luz is a true jewel: compassionate, direct, loving, and ever so knowledgeable
What was most exciting about our time together was that Luz is an acute listener and clearly articulates what can be difficult and nebulous ideas or theories in a way that I could understand and take away with me.
Anyone who senses that he or she has some kind of barrier or confusion around an issue would benefit from a session with Luz who quickly and painlessly escorts you through the Mystery in which you find yourself, shows you the highlights and helps you move on
Luz is a keen and perceptive coach, an honest partner and resilient manager. She is ably and ideally suited to focus her cohorts and clients on the important things in business, in a relationship, in life and in our hearts. She is valued and cherished by those around her as a person full of love, sympathy, concern and a practical nature that values simple, compassionate, common sense based solutions to the most intimate wrenching problems we face. I know this because she helped me through difficult and daunting times
That connection with life that one achieves conversing with you is a wonderful feeling!…time stops and one minute becomes an eternity…Difficult to express it in words…You have a gift to connect the other person with with his or her most profound being and revive situations that come back to clarify themes of the past and position them back in a more balanced and sane place in our lives.
My personal experience by your side has been very strong and I believe you have given me many tools to work in my personal development!!!
From my earliest memories of Luzma’s guidance, to my most recent, she has always been confident in her insights, but equally confident in my ability to determine what I need. I’ve known Luzma as long as I’ve known myself because she has taught me how to learn and embrace who I am.
I could think of no better way for Luzma to spend her time than as a life coach. She has always provoked a natural exchange, often by those who are in need of support most but unlikely to share it with friends or family. By Luzma being so sure in her own skin, the apprehensive gravitate toward her and they too lose all inhibition—I’ve seen it! If given the opportunity to expand her coaching, she will help countless more people reach their potential.
I am very thankful for everything you did for me during my divorce. It was difficult and painful to accept. You taught me how to express my emotions without drama.
I’m in awe of her abilities and effect as a counselor or coach. When Luz articulates her insights about psychological or spiritual concepts that I’m already familiar with, she does it with such a lightness and a clarity that these concepts become new for me and, somewhat ironically, bring on a relieving stillness. Following her train of thought has often enabled the transformation in me that I was struggling for but could barely imagine. It’s very much like Dante describes the effect Beatrice has on him in The Paradiso. Without any emotional or intellectual struggle or physical sensation, by following Luz’s train of thought, my perception of the world and myself is suddenly . . . different. . . . and easier
I was thinking about you over the weekend and about how passionate you are about what you do. I truly believe that you are a success because you have taken your passion and made it your life





July 27th, 2010 at 10:54 am
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July 27th, 2010 at 11:00 am
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