Over 50 Entrepreneurs

 Over 50 Entrepreneurs

ID-10077712Some people call us Baby Boomers!  Some call us Middle-Aged Entrepreneurs.  No matter what you call us, there’s a new trend in the world of entrepreneurs.

I’ve noticed although I don’t know if others pay it the least bit of attention.

I think it’s because I’m over 50, but the new trend is Over 50 Entrepreneurs.

Particularly, I noticed it on Facebook where many people are using social media to promote their business or brand themselves, that more and more are 40 and over, but particularly 50+ seems to be a trend.

A BBC News provides an article called The Rise of Older Women as ‘Encore Entrepreneurs’ that backs up my observations.

They quote the following:

  • …separate data suggests that among US encore entrepreneurs, women are actually more prevalent than men.
  • According to a 2010 report by Babson College, a business school near Boston, 10% of US women aged between 55 and 64 had taken steps to start their own business, compared with 7.5% of men.
  • An ageing US population is one reason for the growing trend in encore entrepreneurs of both sexes – by 2030, at least 18% of the population of the US will be 65 or over.

I find this fascinating and there are many reasons for individuals now starting their own businesses, working at home, joining network marketing companies and/or starting their own businesses somehow.

Here are my own personal ideas on why so many of us are hitting the market as entrepreneurs.

  1. We’re over 50’ and as experienced individual, companies would have to ‘pay’ us usually more for our education, our skills and our experience.  It becomes a rude awakening of many people laid off or who lose their jobs over 50.  They can’t find a job equal to what they already had.  The world hires the young because they’re cheaper.
  2. We’re over 50 and more mature.  The world is changing and personally I don’t want to report on a job to a 25 year old straight out of college who’s 10 years younger than my oldest child and 4 years older than my youngest.  I find that deeply distressing, even now (because I do work a 9-5) that EVERYONE around me is under 40.  I want to scold my boss sometimes for silly stuff! Winking smile
  3. We’re over 50 and we’re living in a weak economy, even still and we want to look to our future in terms of retirement, insurance, legacies.  We want to make our own success. Stand on our own two feet and not be dependent on others for our retirement.
  4. We’re over 50 and we want to use what we’ve learned over the years to benefit others.  Our experience can help many.
  5. We’re over 50 and we’ve got worlds of ‘experience’ in many things from education to people skills to emotional stability and any of the other many things that comes with maturity and can be used to build a successful business.

So there’s lots of statistics, but most of my friends on Facebook that are entrepreneurs are over 50.  Where’d they come from?  Out of the woodwork?

Nooooo, because so many of us are out there doing the same thing.  Trying to make it work.

So many of us are looking for something better, want to be in control of our lives, want to have more time and money freedom and want to do it themselves.

So this post is short and sweet.  Just wanted to see if anyone else has noticed the rise in Over 50 Entrepreneurs?  What’s your opinion on this?

Are you over 50, or even over 45?   Have you noticed this particular trend and what do you think about it?  Tell me what you think of this trend and where you think it will take us?

Over 50 entrepreneurs unite I say!  Winking smile  What do you say?

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  1. says

    Hello Barbara,
    The trend you’re observing makes sense because the Baby Boomers are the newest group of Seniors.
    I don’t consider myself Senior yet, but in certain places 55 will get you a Senior’s discount. I will be 57 in the Fall. I think the trend is going to continue increase, and we’re going to see more Baby Boomers displaced by younger people. In many cases, it think Baby Boomers will become part-time workers (for something to stay occupied) , with no benefits, because that is most economical to employers.

    May we all share what wisdom we have to benefit as many people as we can.

    Have a great week ahead.
    William Butler recently posted…Perception Deception: Are You Falling For This?My Profile

    • says

      Hi Bill,

      How are you? Yes this trend is booming (so to speak!) 🙂 I don’t consider myself Senior yet either. In NU most discounts come when you’re 60, but occasionally we’ll get a discount. I’m liking this more and more at certain times. 🙂

      It’ll be interesting to see where this trend goes in terms of entrepreneurs. I think we’ll find more and more people working for themselves instead of doing the part time. I think the trend is that we don’t want to work for other anymore. I’m going to be watching and maybe do a post again at the end of the year.

      The key, as you said, is to be of benefit to others. Thanks for your input.

      Regards and have a great week,
      Barbara Charles recently posted…Over 50 EntrepreneursMy Profile

  2. says

    Hi Barbara,

    I think I’m a couples of years short from being a baby boomer and seeing all those women 50 and over blogging and being active online makes me feel good and makes me think that if they is a future for them, then there is one for me, because it’s so easy to fall in that trap of thinking I’m too old for this 🙂

    I think that this is really the time of the middle age woman more than ever before in history.
    Sylviane Nuccio recently posted…5 Ways To Promote Your Business Like A ProMy Profile

    • says

      Hi Sylviane,

      I agree. I feel the same way many times, that is feel like I’m way to old for this stuff, but so many women are getting involved in entrepreneurship and being online that it is an encouragement. That actually gets me through those rough days.

      So I agree – it’s our time and it can only get better. 🙂 Have a great week.
      Barbara Charles recently posted…Over 50 EntrepreneursMy Profile

  3. says

    Hey Barbara,

    I have one more year before I make 40 and I think it’s great that more Baby Boomers are becoming active on the internet and starting home businesses. Here at my job I’ve seen a lot of people in this generation just give up on learning. Especially new technology. They have no desire, no zest. They’re just focused on retiring, which I think is pretty sad because i wonder what they’re going to do when they retire.

    But I definitely see a rise on this new trend. Ever since I started using the internet to grow my home business about 4 years ago, I see more Baby Boomers getting on the action. It gives them and people around my age and younger more to talk about and more support for each other in our business ventures.
    sherman smith recently posted…How Can Writing Longer Blog Posts Benefit YouMy Profile

    • says

      Hi Sherman,

      Aahhhh. I celebrated like crazy when I turned 40! It was a great time. I think it’s the perfect age – we know enough to be wise, but not old enough to be too old 🙂

      Now it’s interesting that you say many are giving up on learning, particularly technology. When my dad was alive (he passed 2 years ago in July), he wanted to learn EVERYTHING and you know what I taught him. We communicated through skype when I was traveling and whenever I went to see him and showed him something new, he grabbed it like a new toy. He was 77 when he died. He was not afraid to try new things and he became a super computer whiz in his 70. More and more people are doing this, but I do understand there is an older crowed who are afraid of technology. I would have had him blogging soon if we hadn’t lost him at such a young age! 😉

      The good thing is we can support each other as you noted if they are not afraid and it may be the way to increase their income without the stress, particularly for retirees. Who wants to go back to work?

      Anyway, have a great week,
      Barbara Charles recently posted…Over 50 EntrepreneursMy Profile

  4. says

    Hi Barbara,

    Glad you brought out this subject. I too have noticed there are more 50 and over people flocking into the cyber world. The economic state right now is what you mentioned: hiring younger people for a cheaper rate. Those that are experienced, companies are hesitant to hire because they are fearful to pay the appropriate price.

    I’ve noticed more and more people in this age bracket coming into the cyber world. They are business experienced, savvy, and most importantly know life a little bit more than a 20 year old. We are a strong group and I predict that this will be the “next generation” of bloggers and internet marketers.

    Some of the folks I learn from are my age and oh boy do they know business! So my friend, let’s use our woman power and rock it this year!

    Donna Merrill recently posted…Developing A Social Media CampaignMy Profile

    • says

      Hi Donna,

      Yes it’s definitely a growing group of new entrepreneurs hitting the market and we can and will continue to make a difference. Our age bracket have a more immediate needs which also gives us an extra ‘push’ to be successful. I love your enthusiasm. Wisdom is what helps with our experience and knowledge along with our enthusiasm.

      I’m with you this year! Let’s rock this thing for 2014!

  5. says

    Hey, this field welcomes anybody who has ambition to make his ideas come to reality.

    Doesn’t matter what age you are, you can make a difference.

    Thanks for sharing Barbara.

    – Sam

    • says

      Yes Samuel that is true, but it’s not that easy. The statistics speak for itself. If it were that easy, then more people would be successful.

      There needs to be more than ambition. There is desire, need, inclination, etc. Much more. Some times wisdom is wasted on the young.


  6. says

    Hey Barbara,

    You know I’m right there with you my friend and that’s one of the reasons I left corporate America seven years ago now. Wow, I can’t believe it’s been that long now. They were hiring more and more of the younger kids who had absolutely no work ethic at all and that “I don’t care” attitude. It continued to boggle my mind as to why they put up with it but try managing those idiots and getting nowhere. I just knew once our company downsized that it was time for me to do something else with my life.

    The majority of the visitors to my site are women over 35 years old and I’ve met more and more people thank goodness that are near my age now. I call us the responsible generation and once we’re gone this world is going to pot! LOL!!!

    I say more power to us and watch out people because you might not know what hit ya. 😉

    Thanks for pointing this out and I love that this is an important issues now. They’re paying attention to us.

    Adrienne recently posted…How Bloggers Help Bloggers Increase Their IncomesMy Profile

    • says

      Hi Adrienne,

      You are definitely right. They are paying more attention to us, now. Even 3 years ago when I started blogging, I was fussed at for wanting to use the world ‘baby boomer’ as a keyword. Now, it’s a big thing.

      I understand how you felt in corporate. It hasn’t much changed. But most people in our age bracket are getting smarter and wiser in trying to make it on our own with our own businesses. I agree this world is going to pot but we are older and wiser and hopefully, we can help each other survive in this business world.

      We can keep bringing it to the attention of the blogging and business world and try to continue to make a change and make a difference.
      Have a great week.


  7. says

    Hello Barbara,

    The world is rapidly changing and the equations of work and age, work and qualifications etc are highly imbalanced. Sadly, as the days go by, the equations are proving to be highly Inbalanced more than logically expected.

    Baby boomers are not left out. They have come to realize that they simply have to catch up or be left behind. Believe me, Barbara, the days ahead will see more baby boomers entering into the world of entrepreneurship. That that is a great idea, if you ask me.

    Akaahan Terungwa recently posted…100K ALEXA RANK AT LAST: THE GOOD, THE BAD AND THE UGLYMy Profile

    • says

      Hi Akaahan,

      Yes, exactly, the point of my article exactly. The trend is as there are more baby boomers coming of age, it is necessary to move toward a better way of making money, living and surviving. It is a great idea for all of us who are baby boomers to get together and work together to get to the success we all need.


  8. says

    Hi Barbara

    Yep, I am one of those at the top of the baby boomers. I have thought about starting an offline company and might someday figure it all out. But you are so right when I was working for younger people it seemed so much childish behavior went on. Even from people in their mid 40’s. Their work ethics were lacking, they cried team work, but they played favorites. Office politics and people that did not know how to treat people fairly. Gossip and people that didn’t say good morning or sometimes they would but they were so moody you never knew what they would be like. Soooooooooo glad it is over.

    Really need mature acting people in business and not sure why companies are so reluctant to hire older workers, as they usually are more responsible and loyal.

    Mary Stephenson recently posted…The HeartbreakMy Profile

    • says

      Hey Mary,

      You are so right. It feels like being in high-school again sometimes working in a corporate environment. Even in their 40’s as you say, there is not much difference and it amazes me. Right now, I just went back to work and I feel like I should be reprimanding everyone to act like an adult. And that ‘not speaking in the morning’ and just saying hello and having good manners is beyond me. What is happening in the world?!

      In answer to your question about companies not hiring older more mature workers is simple. With experience and age comes wisdom and education and they have to pay those people (us) more money. It’s cheaper in general for the companies to hire younger workers where they don’t have to pay as much. It’s all economics. Plain and simple and sad.

      Who knows, maybe the trend will change.

      Anyway, have a great week. Appreciate you stopping by.


  9. says

    When you think about it everything makes sense. So many people have lost their jobs and it’s harder for many older workers to find new jobs. Makes sense for them to try something new. Also, I think in general that many of us reach an age where we realize that we either have to take our chance or we’ll work a job where we’ll probably be all downhill from that point on.

    Course, no one looking at me would think I was over 50… at least I keep telling myself that. 🙂
    Mitch Mitchell recently posted…CNET: The Site That Was Cool Isn’t Anymore For Downloads…My Profile

    • says

      I agree Mitch. Makes sense to move forward in our lives. Just because we don’t have a job – entrerpreneurship is the way.

      Of course you don’t look over 50! None of us do. They say 50 is the new 30! 😉


  10. says

    great stuff here, i would have to agree with Mitch on this one. So many people have lost their jobs and it’s harder for many older workers to find new jobs. This forces you to be a go getter and make it happen for yourself. Great post

    • says

      Hi Kareem

      Thanks for the visit. Appreciate you stopping by. I know this economy the past few years have forced many people in my age bracket to search for new jobs and many – because of the lack of jobs have moved to entrepreneurship. I think we will see many, many more starting new businesses. The trend will continue, I’m convinced. And we are the ones who will make it happen for sure.

      Thanks again,

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