Resources for Encore (50+) Entrepreneurs

Here, the author will share how to not give up when it seems next to impossible to continue.

Here, the author shares how to exit your business when your vision and/or life situation change.

If you have a family-owned-and-operated, andyou’re a baby boomer, you need to start thinking about who’s going to run the business when you retire. Something to remember: your style of doing business may be different than those of a Gen-Xer or a Millennial.

Business owners spend their life growing the family business, but their wealth is locked up in their business and the owner isn’t able to enjoy the fruits of his labor. An ESOP will allow him to sell part or all of the company, providing liquidity and diversification of his wealth while still remaining in control of the company.

These side hustles are perfect for encore entrepreneurs, entrepreneurs over age 50, who want to flex their entrepreneurial muscles or diversify their income.

54% of America's small business owners are over 50, using sizable professional networks, experience and financial assets to start and grow their businesses.

There may not be any such thing as a ‘typical’ encore entrepreneur, but there are some characteristics they share.

Encore entrepreneurs start businesses for the first time as they near retirement age. Learn new tips to start on a new path.

Gidgette and Ken Moshier decided to draw on their love for traveling and tea, as well as their small business backgrounds, to open the English Garden Tea Room.