More over-50’s starting their own businesses

With pensions shrinking, many retired people are starting a small business.

At 63, entrepreneur Sam Taylor was retired.  All of his life he had worked hard.  He had a company that floated on the stock market and made enough money to live a life of leisure in southern Spain. So why, eight years later, did he swap sipping sangria’s in the sun for starting an online art business in his native Scotland?

 

 

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Start-up Rate Plummets as Fragile Economy Deters Entrepreneurship

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Start-up activity plummets in first half of 2010.

A new survey shows that start- up activity plummeted in the first half of 2010 as would-be entrepreneurs were either scooped up by employers or scared off by fragile economic conditions, a tight lending market and uncertainty over the sustainability of the recovery.

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Growing Number of People 55 and Over Starting Their Own Businesses

cinde dolphin

Cinde Dolphin, at age 55, started a public relations firm that helps winemakers 

Cinde Dolphin, after 24 years as a marketing manager for Coors, knew what was coming — Miller and Coors had just merged their United States beer operations, and hundreds of jobs were sure to be eliminated.

Worried that these youth-oriented companies might lay off an old-timer like her, Ms. Dolphin decided to take a buyout and relax. She sunned on the beaches of New Zealand, went whitewater rafting on the Yampa River in Colorado and saw friends and Broadway shows in New York.

 

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The Future of Work

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We will miss the workplace when it’s gone

By the end of the month, a company called txteagle will be the largest employer in Kenya. The firm, started in its original form in 2008 by a young computer engineer named Nathan Eagle and, as of this coming June, based in Boston, will have 10,000 people working for it in Kenya. Txteagle does not rent office space for these workers, nor do the company’s officers interview them, or ever talk to most of them.

 

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