tag:blogger.com,1999:blog-8751991331003500782024-03-17T19:45:11.432-07:00Ageless EntrepreneursEntrepreneurship in the second half of lifeRick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-875199133100350078.post-3719096946295063252022-06-08T05:54:00.002-07:002022-06-08T05:54:32.458-07:00Retiring this blogI'm retiring this blog - Ageless Entrepreneurs - for the time being.
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I'm focusing on writing about this subject at the blog <b><a href="https://ageless-startup.blogspot.com/">Ageless Startup</a></b>.
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That content will get re-published via multiple channels.
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To follow our news please check out out web site at the <b><a href="https://www.agelessentrepreneurs.org/" target="_blank">Center for Ageless Entrepreneurs</a></b>.
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See you there!
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Rick.Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-36649809104611529202020-07-21T19:30:00.000-07:002020-07-21T19:30:24.935-07:00Our Center for Ageless Entrepreneurs. The Center for Ageless Entrepreneurs (CAE) is coming together as <b><a href="https://www.agelessentrepreneurs.org/" target="_blank">our new web site</a>.</b><br />
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The goal of this new group is to grow new enterprises based on the scaling power of peer-to-peer networks. <br />
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We focus on those of us in the second half of life. The CAE is an invitation only group of new and seasoned entrepreneurs who network online and make things happen in life.<br />
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Peer-to-peer networks create opportunities, collaborations, and friendships.<br />
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The world needs you. Your community needs you.<br />
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Please visit the new <b><a href="https://www.agelessentrepreneurs.org/" target="_blank">CAE web site</a>. </b><br />
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Sign up there to stay in touch.<br />
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<br />Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-17809563693949657072019-10-05T05:28:00.000-07:002019-10-05T08:56:32.687-07:00Announcing the Center for Ageless EntrepreneursStand by for some exciting news.<br />
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I'm working with friends to establish a Center for Ageless Entrepreneurs.<br />
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<span style="background-color: white; font-family: "times new roman" , "times" , serif; font-size: 16px;">The Center will be housed at The Sustainable Enterprise Accelerator at Slippery Rock University</span><br />
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The Center for Ageless Entrepreneurs will have both a physical and online presence, and be structured in such a way that people at all levels of their entrepreneurship journey, no matter where they live, can join the conversation.<br />
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I look forward to sharing more as we get closer to the opening on Jan. 1, 2020.<br />
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<b> Center for Ageless Entrepreneurs</b><br />
Exploring Startups in the Second Half of Life<br />
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Welcome!Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-45251557124536257332019-03-29T13:58:00.000-07:002019-03-29T14:00:51.322-07:00Their Approach to Career Changes? Find a Niche, and Fill It - NY TimesWhile not specific to older entrepreneurs, there is plenty to learn from here and clearly some great examples for all of us to learn from...<br />
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<span style="background-color: white; color: #333333; font-size: 19px;">"I decided I was worth the investment,” Ms. Greenwood said."</span><br />
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<a href="https://www.nytimes.com/2019/01/04/your-money/career-changes-risk.html?action=click&module=Editors%20Picks&pgtype=Homepage" target="_blank"><b>Their Approach to Career Changes? Find a Niche, and Fill It</b></a><br />
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<span style="background-color: white; color: #333333; font-family: , "georgia" , "times new roman" , "times" , serif; font-size: 19px;">“</span><br />
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<br />Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-73522657472280067282019-01-05T18:41:00.001-08:002019-01-05T18:41:08.665-08:00The New 50s: Far From Retirement - working as a "modern elder"<span style="font-family: "arial" , "helvetica" , sans-serif;">The economy is volatile. Markets are crazy. You're looking for stability. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Launching a new enterprise in this environment - especially for those of us in the second half of life - seems like a risk. My point continues to be that it is riskier to trust others to look out for you than it is for you to look out for yourself. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Bringing the knowledge and networks you've built throughout your career to a new business opportunity is something that you can manage on your terms, launch at your own speed and begin to build out a life that you have more control over. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">Here is a recent New York Times piece on working in the second half of life. </span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">I love the idea of working as a "modern elder", coined by Chip Conley. I also especially love the idea of being inspired by and learning from much younger colleagues. </span><span style="font-family: "arial" , "helvetica" , sans-serif;">I've got Mr. Conley's book on order. Can't wait to learn more.</span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The article describes approaches and strategies for people in the second half of life moving into new roles in a changing economy. One great quote from Kimberly Strong who at 52 started her career pivot by searching out new ways to give back. In the article she describes her effort to mentor young female founders this way: <span style="background-color: white; color: #333333;">“Basically, I’m the auntie to the start-ups,” she said, and the beneficiary of “reverse mentoring.”</span></span><br />
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<span style="font-family: "arial" , "helvetica" , sans-serif;">The closing paragraph describes the opportunity quite nicely: "<span style="background-color: white; color: #333333;">At a time when we can Google the answer to just about anything, it’s important to remember that some things come only through lived experience. And there’s a certain magic when older and younger learn from, and with, each other."</span></span><br />
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<span style="background-color: white; color: #333333;"><span style="font-family: "arial" , "helvetica" , sans-serif;">This is the role we can play as ageless entrepreneurs. This is the contribution we can continue to make. This is how we can continue to learn and grow.</span></span><br />
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<a href="https://nyti.ms/2zGsJCN?smid=nytcore-ios-share" target="_blank"><b><span style="font-family: "arial" , "helvetica" , sans-serif; font-size: large;">The New 50s: Far From Retirement - NYT</span></b></a><br />
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<span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;">"At 52, Chip Conley took on a new job at Airbnb, toggling between being a mentor and an intern in a role that he described as 'modern elder.'</span><br />
<span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="background-color: white; font-family: "arial" , "helvetica" , sans-serif;">For the next four years, Mr. Conley worked at Airbnb, toggling between being a mentor and intern in a sometimes baffling new role - a "modern elder", as he put it. As a veteran hospitality executive, he was used to being the "sage on the stage." But as a newbie in the tech sector, he was ofter the oldest person in the room, learning from colleagues who were young enough to be his children.</span><br />
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<span style="background-color: white; color: #333333;"><span style="font-family: "arial" , "helvetica" , sans-serif;">It used to be, 50 was a time to begin thinking about retirement. But today, many people in their 50s — myself included — plan to work two or even three more decades. To become modern elders, we have to find new ways to stay relevant and keep our minds open, skills fresh and humility intact."</span></span><br />
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<span style="background-color: white; color: #333333;"><a href="https://www.nytimes.com/2018/12/04/business/retirement/50s-far-from-retirement.html" target="_blank"><b><span style="font-family: "arial" , "helvetica" , sans-serif;">New York Times Article link</span></b></a></span><br />
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<br />Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-61990962844142118862018-12-28T09:27:00.000-08:002018-12-28T18:22:28.372-08:00Something to Think About for the Coming New Year: You're Not Too Old to Be an Entrepreneur<br />
The myth that entrepreneurship is only for the young is upside down.<br />
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The majority of startups are launched by people over 45. We have the knowledge, the networks, and the wisdom to put our skills to work on our own terms.<br />
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Do you need a New Year's resolution to help make your life more independent and resilient? You can take early, thoughtful steps in 2019 to make this transition for yourself.<br />
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Don't just <b><i>wish</i></b> for a happy new year. Put yourself on a entrepreneurship path to make it a <b><i>productive</i></b> new year.<br />
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Here's a bit of inspiration just published in Entrepreneur Magazine. I especially like the idea of older entrepreneurs choosing younger mentors. I'm doing this with my newest launch and it's paying off wonderfully - in many great directions.<br />
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<a href="https://www.entrepreneur.com/article/325194" target="_blank"><b>Something to Think About for the Coming New Year: You're Not Too Old to Be an Entrepreneur</b></a><br />
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<span style="background-color: white; color: #212121; font-family: "pt serif" , "timesnewroman" , "times new roman" , "times" , "georgia" , serif; font-size: 19px;">Using data from the U.S. Census Bureau and IRS, researchers from MIT and Northwestern University found that 2.7 million entrepreneurs started businesses between 2007 and 2014. And their average age? 42. </span><span style="color: black;"><span style="background-color: white; font-family: "pt serif" , "timesnewroman" , "times new roman" , "times" , "georgia" , serif; font-size: 19px;">I</span></span><span style="background-color: white; color: #212121; font-family: "pt serif" , "timesnewroman" , "times new roman" , "times" , "georgia" , serif; font-size: 19px;">f that’s not surprising enough, the researchers also learned that the entrepreneurs with the highest-growth businesses were </span><i style="background-color: white; box-sizing: inherit; color: #212121; font-family: "PT Serif", TimesNewRoman, "Times New Roman", Times, Georgia, serif; font-size: 19px; line-height: inherit;">even older</i><span style="background-color: white; color: #212121; font-family: "pt serif" , "timesnewroman" , "times new roman" , "times" , "georgia" , serif; font-size: 19px;">: 45 on average.</span><br />
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<span style="background-color: white; color: #212121; font-family: "pt serif" , "timesnewroman" , "times new roman" , "times" , "georgia" , serif; font-size: 19px;"><b>Connect with Younger Mentors and Mentees</b></span><br />
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Mentors don’t have to be graying old folks who start every story with “Back when I was your age …”</div>
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There are plenty of young people, too, who have a lot to offer, including valuable social connections with up-and-coming members of the workforce. After all, networking has likely contributed to your career success thus far. So, keep networking with members of the new generations entering the workforce, and they’ll be a huge help when it comes time to hire top talent. In addition, having a younger mentor or mentee could inspire you to keep an innovative mindset.<br />
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<b>Networking that works...</b></div>
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If the word “networking” makes you cringe, relax. You don’t have to attend stuffy functions and scatter business cards to strengthen your network. Instead, help out the people around you as best you can. If you have experience hiring, and a fellow entrepreneur is looking for his or her first employee, offer to take that entrepreneur to lunch and explain the hiring mistakes you’ve made in the past.<br />
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Ageless Entrepreneurs have the skills, knowledge, and networks to set sail on their own carefully planned venture. Make 2019 the year you launch your own vision of that journey.</div>
Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-91056296012221516182018-12-20T19:54:00.002-08:002018-12-21T21:38:30.942-08:00Are you waiting for the perfect time to start? The Rise Of The 'Accidental' Entrepreneur - Forbes<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;">Friends in the second half of life. Are you waiting for the perfect time to start something new? </span><br />
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<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;">Holding your breath is not a strategy.</span><br />
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<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;">Put a toe in the water. Learn something new. Take a small chance. </span><br />
<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;"><br /></span><span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;">A new piece from Forbes puts this in context.</span><br />
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<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;"><a href="http://www.forbes.com/sites/alisoncoleman/2018/12/18/the-rise-of-the-accidental-entrepreneur/" target="_blank"><span style="color: black; font-family: "times";"></span><span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;"><b>The Rise Of The 'Accidental' Entrepreneur - Forbes</b></span></a></span><br />
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<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: #fcfcfc; color: #333333;">"A third of business owners never planned on starting their own company. And in spite of the challenges they faced, from raising finance and finding customers to managing with little personal income, only 1% regret their decision, while 12% wish they’d started their business sooner. Ninety per cent say they are happier than when they were employed."</span></span><br />
<span style="background-color: white; color: #222222; font-family: "arial" , "helvetica" , sans-serif;"><span style="background-color: #fcfcfc; color: #333333;"><br /></span></span>Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-21776626541745765382018-06-27T09:57:00.004-07:002018-06-27T12:36:08.235-07:00Silicon Valley's ideal entrepreneur is about 20 years too young, research shows<span style="font-family: inherit;">There is a powerful new study about entrepreneurship with great implications for the economy and those of us in the second half of life.</span><br />
<span style="font-family: inherit;"><span style="font-family: inherit;"><br /></span><span style="font-family: inherit;">"<span style="color: #424858;">A new study found the average founder of the fastest growing tech startups was about 45-years-old — and 50-year-old entrepreneurs were about twice as likely to have a runaway business success as their 30-year-old counterparts."</span></span></span><br />
<span style="font-family: inherit;"><span style="color: #424858;"><span style="font-family: inherit;"><br /></span></span><span style="font-family: inherit;"><span style="color: #424858;">"</span><span style="background-color: white; color: #424858;">The new study by Jones, Javier Miranda of the U.S. Census Bureau and MIT's Pierre Azoulay and J. Daniel Kim, looked at an expansive dataset and found the most successful entrepreneurs are middle-aged.</span></span></span><br />
<span style="font-family: inherit;"><span style="font-family: inherit;"><span style="background-color: white; color: #424858;"><br /></span></span><span style="font-family: inherit;"><span style="background-color: white; color: #424858;">"Take David Duffield, who founded Workday in 2005 at the ripe age of 65. Workday went public in 2012 and today has a $26.47 billion market cap. Whereas younger founders may benefit from their creative thinking and lesser degree of entrenchment in an industry, the exact opposite qualities work to the benefit of their older counterparts."</span></span></span><br />
<span style="font-family: inherit;"><span style="font-family: inherit;"><span style="background-color: white; color: #424858;"><br /></span></span><span style="color: #424858;">"Older entrepreneurs have had years to build their business, leadership, and problem-solving skills, as well as to accumulate the social and financial capital needed to get a startup off the ground. Jones also points out that even companies like Apple and Microsoft </span><span style="color: #424858;">that were founded by exceptional young entrepreneurs didn't achieve their most rapid market capitalization growth until later, when their founders were older. The iPhone entered the market when Steve Jobs was in his 50s"</span></span><br />
<span style="font-family: inherit;"><span style="color: #424858;"><br /></span><span style="font-family: inherit;"><span style="color: #424858;">There are almost endless opportunities for older entrepreneurs to meet business and community challenges with inn</span></span><span style="color: #424858; font-size: 12pt;">ovative entrepreneurial solutions. Take hold of this option. Give yourself permission to explore, then plan, then take action. The world needs you, and the challenge will make you stronger.</span></span><br />
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<span style="font-family: inherit;"><span style="color: #424858;"><a href="https://www.cnbc.com/2018/06/26/research-shows-older-entrepreneurs-more-successful.html" target="_blank"><b>Link to the CNBC article quoted above</b></a></span></span>Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-55009190696924116282018-06-24T14:05:00.000-07:002018-06-24T14:05:02.495-07:00AARP's new ad - 'The rules of aging are changing'AARP has long been an effective advocate for older citizens. I'm a member. But it's been hard to get too enthusiastic about their approach to publicity and outreach in the past.<br />
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Things are changing. Lots of smart new approaches are emerging.<br />
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AARP brands their Purpose Prize with the great phrase, ' Making a Difference is Ageless. As a Purpose Prize Fellow, I like that a lot.<br />
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They've been posting a new TV commercial that is also a significant change from their past branding. It's pretty cool.<br />
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The spot is called 'The rules of aging are changing.' It shows a wide range of people from all ages and all walks of life interacting and making contributions. One of my favorite lines is: "Too old? Too young? No, we're in this as one."<br />
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There are all kinds of roles for those of us in the second half of life. Valuable, fulfilling roles that make a difference in our communities, including the role of ageless entrepreneur.<br />
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<b>Watch the new spot, <a href="https://www.ispot.tv/ad/watb/aarp-the-rules-of-aging-are-changing" target="_blank">'The rules of aging are changing'</a></b>Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-23643778992360991282018-03-18T19:33:00.000-07:002018-03-18T19:33:03.034-07:00A major 20 year long shift to older entrepreneurs launching startupsThe runway for ageless entrepreneurs - those of us in the second half of life - to launch and grow new enterprises - is wide open.<br />
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The recent Kaufmann Index of Startup Activity (2016) highlights a major trend in the American economy that is going largely unreported.<br />
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Startups among people below age 44 fell 12.95% from 1996 through 2016.<br />
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Startups among people above 45 rose 13.21% 1996 through 2016.<br />
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That's a 26.1% shift in entrepreneurship from younger to older entrepreneurs.<br />
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And yet the common myth is that startups are the purview of the young. Policies get made, infrastructure gets built and myths continue around this narrative. All the while, older entrepreneurs march ahead, setting the pace out of the limelight.<br />
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It's clearly not slowing down these ageless entrepreneurs. New opportunities arise daily. New problems arise that need solutions. <br />
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Older entrepreneurs have experience, knowledge and networks behind them. We are ideally positioned to grow new organizations of all kinds to meet this opportunity.<br />
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<b>Welcome to the future! </b><br />
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<a href="http://www.agelessentrepreneurs.com/img2/kauffman_index_startup_activity_national_trends_2016.pdf" target="_blank">Download the Kaufmann Index of Startup Activity. National Trends 2016.</a>Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-3063262922613041892018-03-09T21:13:00.001-08:002018-03-19T13:58:06.366-07:00Older Entrepreneurs Do It BetterCarl Schramm, the former President of the Kaufmann Foundation wrote a great article in a recent <i>Wall Street Journal</i> titled, "Older Entrepreneurs Do It Better".<br />
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The article points out that, "According to data from the Bureau of Labor Statistics, American who are 35 or older are 50% more likely to start a business than their younger counterparts."<br />
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The article also points out the value of experience, knowledge, and networks. "One reason for the prevalence of older entrepreneurs is that it takes some time for people to recognize that their destiny is to start a company. Their inspiration comes not from college programs teaching them generic entrepreneurship skills but from what they've learned in previous jobs."<br />
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Mr. Schramm recommends a series of steps that can be taken to support mid and late career entrepreneurs, including re-tooling to college and university systems to make available training in emerging technologies and business practices. Small business incubators "should be restyled from hip communal working spaces for young people to office arrangements more suited to midcareer entrepreneurs."<br />
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Entrepreneurship is growing rapidly among older citizens for a wide variety of reasons. This can take the form of for-profits, nonprofits, and everything in between.<br />
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<b>Look to your own experience, knowledge, and networks and see where they might lead you.</b><br />
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The <a href="https://www.wsj.com/articles/older-entrepreneurs-do-it-better-1518098400" target="_blank">article quoted</a> is in the Feb. 8, 2019 <i>Wall Street Journal</i>. Paid online access, or free in your library.Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-143946966633675062018-03-07T06:49:00.000-08:002018-03-07T11:05:28.332-08:00Japan seeks to become an 'ageless society'<br />
<span style="font-family: inherit;">'Ageless' is becoming a trend.</span><br />
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<span style="font-family: inherit;">The country of Japan is working to match their society and its workforce to the reality of longer lifespans and lower birthrates. </span><br />
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<span style="font-family: inherit;">Their new concept of an 'ageless society' recognizes that many people in the second half of life remain committed to working, and to contributing and growing their communities</span><br />
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<span style="background-color: #fbfbfb; color: #333333; font-family: inherit;">“The general trend of uniformly seeing those aged 65 or over as elderly is losing credibility,” an outline of the new policy said. “The government will review the (current) standardization by age bracket and aim to create an ageless society where people of all generations can be active according to their wishes.” </span><a href="https://www.japantimes.co.jp/news/2018/01/18/national/social-issues/japans-government-aims-ageless-society-plan-keep-healthy-seniors-working/#.Wp_28JPwbo0" style="background-color: #fbfbfb; font-family: inherit;">Read this article</a><span style="background-color: #fbfbfb; color: #333333; font-family: inherit;"> in The Japan Times</span><br />
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<span style="background-color: #fbfbfb; color: #333333;"><span style="font-family: inherit;">However, <a href="https://www.economist.com/news/business/21709578-japan-needs-do-more-encourage-new-businesses-how-rev-up-japanese-startups">Japan continues to lag in entrepreneurship</a>. Perhaps a worthy experiment - on a countrywide scale - would be to start small and start smart. Allow older people who would like to ease into retirement years to start small service businesses that cater to the needs of their peers, the large and growing population of seniors in Japan. </span></span><br />
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<span style="background-color: #fbfbfb; color: #333333;"><span style="font-family: inherit;">Small gains in peer-to-peer entrepreneurship, coupled with a graduated pension policy would help balance the macro-level needs of Japan's fiscal policy while inspiring older workers to continue contributing.</span></span><br />
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<span style="background-color: #fbfbfb; color: #333333;"><span style="font-family: inherit;"><b>An ageless society needs ageless entrepreneurs.</b></span></span><br />
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<span style="background-color: #fbfbfb; color: #333333;"><span style="font-family: inherit;"><br /></span></span>Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0tag:blogger.com,1999:blog-875199133100350078.post-8736654341238377432018-03-04T20:28:00.000-08:002018-03-05T08:31:31.240-08:00Welcome to Ageless EntrepreneursTo borrow a phrase from AARP's Purpose Prize, "Making a difference is ageless."<br />
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One of the most exciting and fulfilling ways to make a difference is through entrepreneurship. </div>
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Entrepreneurs make life better: They fix problems; they use their experience, wisdom, and networks to build solutions that enhance their communities and strengthen themselves. </div>
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Ageless Entrepreneurs is the starting point for those of us in the second half of life that would like to join this revolution. </div>
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Welcome.<br />
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<a href="http://www.agelessentrepreneurs.com/">Ageless Entrepreneurs web site</a></div>
Rick Terrienhttp://www.blogger.com/profile/02039921731185427478noreply@blogger.com0