Business

Why 50 years is a perfect age

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Why 50 years is a perfect age
Why 50 years is a perfect age

Some older business owners learn how to get theirs retirement provision to fund the business of your dreams.

Jim Butenschoen left his industry to start a stylist academy in Arkansas. Randal Smith left the corporate world to start an optical retail business with his wife in Missouri.

Contrary to what people think, that is ship It’s not just for 20 year olds. According to the Kauffman Index of ship, almost a quarter of new businesses in 2012 were founded by entrepreneurs aged 55 and over.

While 20-year-olds have what it takes to stay up all night and eat pizza while they work, older people have great benefits: a Knowledge deepest and most extensive long-term experience in the workforce.

In addition, some entrepreneurs have management experience and large professional networks.

Not everyone over 50 finds the prospect of entrepreneurship attractive. The financial uncertainty It can be too much for the stomach and the workload involved in starting a business is significant. However, owning your business equals a level of autonomy and knowledge that would otherwise not be available.

The MetLife Foundation in the US reported that 25 percent of baby boomers The respondents expect to start a business within the next five to ten years.

Jim Butenschoen, 65, had had enough of the corporate world after 20 years and wanted to start his own business. Eight years ago he opened the Professional Academy of Hair Design with six employees. It currently has 32 and four facilities.

“Despite the ups and downs, I haven’t done anything more satisfying,” he said. “I wake up so satisfied and confident. Every day has more Challenges and obstacles, but they are my challenges ”. Although many people retire his age, he says, “I don’t want to stop working because I’m having so much fun.”

Observe a new company. After 30 years in the optical industry, Randal Smith decided to run a business with a trusted partner, his wife Janeel. The Smiths, both in their fifties, withdrew their savings. Two years ago they opened eyeSmith Sport Fashion Optical, an optical store in Kansas City, Missouri. Which sells recipe to fashion and sporting goods in order to be able to see clearly.

“Rand was fed up with corporate life,” says Janel. “It was great fun getting up and going to work every day because we know what is important: our customers.”

Turn a hobby into a way of life. These 50+ year old entrepreneurs turned their passions into a second career and they couldn’t be happier. For those who dream of turning theirs hobby In a way of life or if you want to be your own boss, a second career as an entrepreneur can be a good solution.

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