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January 28, 2008

10 Reasons to Become a Midlife Entrepreneur

AtoasttowomenbloggersLast week, I had the opportunity to write a guest blog for Think Retirement. I wrote about a topic that many Accidental Pren-hers in their 40s and 50s are just beginning to think about . . . retirement.

So, what does retirement mean to an Accidental Pren-her who has become an entrepreneurial women and successfully woven passion into what she does as a small business owner? Does she plan on retiring when she reaches the age of 65? Does she even want to?

If you are passionate about what you doing, happily turning your passion into profit, it's hard to think about stopping what you're doing, isn't it? Oh, sure, you could use some time away, an extended vacation, even a more relaxed pace. But do you want to retire? As in cease what you are doing. Or, would you rather stay involved, continuing to contribute, and following your passion?

Today's Baby Boomers are redefining retirement, and are finding that there are some very compelling reasons to either become or continue being an entrepreneur in midlife.

10 Reasons for Being a Midlife Entrepreneur

  • You’re healthier and living longer.
  • You want to stay involved and engaged.
  • You enjoy generating extra income.
  • You get to build a business around something you enjoy and are passionate about.
  • You have a full Rolodex and 20-30 years of experience to back you.
  • You want the independence and flexibility that comes from working for yourself.
  • You have confidence and experience, and know what you’re good at.
  • You may already have a pool of money saved to help finance your business.
  • You can do business from home, using the Internet as your storefront.
  • You aren’t discriminated against because of your age.

If you'd like to read more, check out the entire post, Is Retirement Even Relevant Anymore For Midlife Entrepreneurs, published as a guest post at Think Retirement.

Then, weigh in and let us know your thoughts on retirement. Do you see yourself retiring at 65 or do you see yourself continuing on as a midlife entrepreneur?

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