There are more than 70 million Americans over the age of 50. For many of these people they are ending their primary career, but not ready for retirement. For others, they will be forced to work, but may have lost their job and can't find another. One option that many people of this age group are looking at is business ownership.
1 in 4 individuals ages 44 to 70 are interested in becoming an entrepreneur, and 63% of Americans plan to work during retirement.
Many in this age group (of which I am included) have skills they have developed over the years. These specific skills can be quite useful in a new business venture, but the skills to actually run a business may not exist. This is where the SBA and your local SBDC can help!
The SBA has teamed up with AARP to develop special training programs for this group. Go to www.sba.gov/encore to get the free toolkit. Additional resources are available at www.aarp.org/startabusiness.
Of course locally the Roanoke Regional Small Business Development Center (Roanoke SBDC) is here to help with our free no-cost business counseling services for small businesses and entrepreneurs. For more info on what we can provide, go to www.RoanokeSmallBusiness.org
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