The best retirement job - Become an entrepreneur

You've worked hard and expected to retire and here's looking straight at me. Reaching this point may be a blessing and a curse. It is expected to retire, but you have nagging doubts about pension that goes for you.

Perhaps the main concern you have is financial. Modern medicine has had a big impact on your retirement. When formulated his plan to save for their retirement 30 years ago, have not you thought that you might live longer probably will. Want to live a long and healthy life, but in doing so, you might survive your retirement savings. The answer to this dilemma - to become an entrepreneur. Working after retirement can substantially extend your savings for retirement.

Well, if you become an entrepreneur after retirement will be in good company. Several studies show that the fastest growing group of entrepreneurs are aged 60 and older.

Just what is an entrepreneur? The word derives from the French word "take", which means "take". Consider a definition of the Merriam Webster Dictionary. It defines entrepreneur as "one who organizes, manages and assumes the risks of enterprise."

Do not let this frighten you. This is an opportunity to expand your horizons and become your own boss. Perhaps this was your dream in the long term.

Some people wonder if they are too old to become an entrepreneur at the time of retirement, and if being over 60 is too old for entrepreneurship. Recent studies indicate that the odds are in favor of the entrepreneur elderly. Recent studies show that 22 percent of men and 14 per cent of women over 65 are self-employed. This is compared to just 7 per cent for other age groups.

According to a study at Vanderbilt University, the number of entrepreneurs aged 45-64 will grow by 15 million by 2006. This is compared with a decline 4,000,000 entrepreneurs by age 25-44.

According to a 1998 survey of baby boomers conducted by the American Association of Retired Persons (AARP) 80 percent of respondents plan to work beyond retirement age, and 17 percent of those expected to launch new businesses.

The same study noted that "Self-employment among American workers increases with age, with the most dramatic jump occurring at age 65."

Older entrepreneurs have an advantage over younger entrepreneurs because older entrepreneurs tend to have more experience to draw from and more resources with which to finance a business. The bumps and scratches of life are a strict teacher.

Further information can be found in a report published by Barclays Bank entitled "Third Age Entrepreneurs - Profiting from the experience." The report shows that older entrepreneurs are responsible for 50 percent of businesses start-up more than 10 years ago. This equates to about 60,000 new businesses last year alone.

The Barclays survey also showed that employers in the elderly of today (entrepreneurs aged 50) do not care to put in the hours needed to build their business. Nearly 49 percent indicated that they work an average of 36 or more hours per week.

The third age group rated holidays, lack of stress and a balance between work and family life more important than their younger counterparts.

The report also showed that only 27 percent run the business as a sole source of family income, with 51 percent of the full board.

Other key findings showed that third age start-ups account for 15 percent of all new businesses, entrepreneurs and the elderly are three times more likely to be male than female. The downside is that many businesses fail within the first year and older entrepreneurs may be less able to handle the financial loss than younger entrepreneurs.

If you lose it all at age 25 you have the time to recover, but it's a much bigger blow to lose everything at 65.

ENTREPRENEUR AND 'THE TITLE OF GENDER NEUTRAL

Years ago, '"entrepreneur" title would have been worn by a man, but times have changed dramatically. For you women entrepreneurs, this article is gender neutral.

Information published by the Center for Business Research indicates that women are more than 10 million women-owned businesses in the U.S., employing 18 million people and generate $ 2.32 trillion in sales.

Women start businesses at twice the rate of men and women-owned businesses account for 28 percent of all businesses in the United States. Women account for about 775,000 new startups per year and account for 55% of new start-ups.

Over the past 25 years the number of women-owned firms in the United States has doubled, their use has increased four-fold and their revenues have increased five times.

All statistics should convince you that you should take a hard look to become an entrepreneur like your job board. You'll be in good company.

John Howe, Inc....