Entrepreneurs: Are Baby Boomers Ready to Retire?

This blog entry is inspired by my friend Debbie Ruston, www.abundant-lifestyle.com . Really fascinating stuff around the baby boomer generation and retirement. Will anyone REALLY Retire? or are most retirees looking for the perfect retirement business? What we've found is that most retirement age people are more entrepreneurial than we previously thought... read on.

I recently read an interesting article on retirement, with some equally interesting statistics from the survey they conducted....Nearly 1/5, or 18% of men aged 45-60 who either retired early to start their own business or plan to do so said they expect to work for themselves "until they die". Among the boomer businesswomen, 12% said they will run their own businesses indefinitely.

The survey also found that this baby boomer group plans to work longer than ever. One in five said they expect to run their business for more than a decade while 38% targeted a working span between 6-10 years.

What the survey found is that many baby boomers are looking at this next stage in life as an opportunity to start new careers and new businesses. When these folks were questioned on why they want to keep working, 46% of men and 34% of women said it was mainly to stay occupied, .....27% of men and 31% of women said it was something they had always dreamed of......and 26% of men and 25% of women said they needed the money.

Don't you just love statistics? It seems like everyone feeds on statistics. I prefer a different message and that is ..everything in life is a CHOICE!! In their innermost hearts, most people want to own a business, they want independence, they want CHOICE in their life.

What brings more options and more choice into our lives? Money, time freedom and the ability to open our perspective to whats really possible. Three things, so simple but so elusive for most people because they don't really think they can do it.... they have no CHOICE.

Most will let fear hold them back from doing what they truly want. Take control of your life! If you have the entrepreneurial spirit, it is critical you honor that spirit and give life to it. Start a business today, even if it's selling lemonade at the roadside. It is truly liberating to have choice in your life..... Choose Choice.

In Service,
Matt Hempel
www.YourNewLegacy.com
440.368.3535