Posted: October 23, 2010 11:55 AM
Many boomers will answer the question, “What work, exactly?” with, “Start a business.” Some of us will do it because it’s something we’ve always wanted to do, others because we can’t find work and need to create it. But hanging out a shingle is suddenly on the upswing, especially among people over 50.
Just ask the folks at the Ewing Marion Kauffman Foundation, the world’s largest foundation dedicated to entrepreneurship. Their research shows that the average age of first-time entrepreneurs is now between 55 and 64. “The United States is on the cusp of an entrepreneurship boom — not in spite of an aging population, but because of it.”
Phi Beta Iota: This posting hit us like a thunderbolt. Combine it with the literature on “Wealth of Networks” and the literature on “Cognitive Surplus” and you have a nation-wide “gold mine. This is HUGE.