Boomer Entrepreneurs

If you think the largest demographic in the entrepreneurial world is millennials, think again. Baby boomers are actually the most powerful entrepreneurial group, giving up retirement for Career Number Two (or three, four and so on.) The idea of retirement isn’t what it used to be, whether by need or by choice.

Some baby boomers simply can’t afford to lounge around the house, playing with grandkids and working on their golf swing, while others simply don’t want that laid back lifestyle. The American Dream never ends, and baby boomers are finding that they are in the perfect position to build their own business.

According to the Kaufmann Foundation, baby boomers (born between 1946 and 1964) are twice as likely to launch a new business in 2015 compared to millennials. This staggering statistic, revealed in the State of Entrepreneurship Study, is great news for everyone. It may not seem like it, but successful entrepreneurial ventures haven’t recovered from the Great Recession. Shows like Shark Tank and everyone on your social media talking about their small business may suggest otherwise, but a failed startup doesn’t really count as living the American Dream.

Read more here: http://www.entrepreneur.com/article/245366

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