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The Baby Boomer Generation is a source for trends, research, comment and discussion of and by people born from 1946 - 1964.
Covering issues on the Boomer Generation including original content for Boomers, bulletin boards, user comments, Sixties and Seventies music, Baby Boomer culture, health and coverage of issues for "Aging Hipsters." |
September 10, 2005
Boomer Start-Ups are Booming
While other grouse about the Boomers' drain on Social Security, another trend is emerging. According to a report in theMatureMarket.com, people over 40 accounted for 86.6% of start-up businesses in the second quarter of 2005. The article is based on a survey done by global outplacement firm Challenger, Gray & Christmas, Inc.The survey also refers to government data showing that those 55 to 64 and older represent one of the fastest growing groups of self-employed workers.
While we know many of these entrepreneurs are those who were downsized out of 'real' jobs or who saw retirement plans reduced to rubble, Boomer initiative and money, yet again, will be a boon to the economy in terms of job creation and decreased tax burden.
Posted on September 10, 2005 12:56 PM
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Comments
This was an interesting overview article. However the devil is always in the details. If you've never done a start-up or a franchise those are things that can hust and disappoint. Questions of health, time committment and certainly finance need answering well before anyone takes the leap.
Posted by: Jim on November 28, 2006 3:08 PM
This was an interesting overview article. However the devil is always in the details. If you've never done a start-up or a franchise those are things that can hust and disappoint. Questions of health, time committment and certainly finance need answering well before anyone takes the leap.
Posted by: JimN on November 28, 2006 3:08 PM
This article supports what I have been preaching for some time - that boomers are "the next big thing" in startups. See my article on http://blog.startupprofessionals.com with title "Engage Boomers in your Startup" for specific recommendations of best fit.
Marty Zwilling, Founder & CEO, Startup Professionals, Inc.
Posted by: Martin Zwilling on January 11, 2009 8:36 PM
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