How senior entrepreneurs are rewriting the rules on work & retirement
An increasing number of older Australians are starting their own businesses – using their considerable expertise to create value for their customers and the economy.
Remarkably, businesses started by older people have a much higher success rate than other startups. What’s more, there are also unexpected benefits for the business owners themselves. We examine the reasons why.
Older Australians launch businesses for a range of reasons. It may be the experience of age discrimination when looking for work, or a desire for challenge, control and flexibility. Either way, senior entrepreneurs are a growing economic force to be reckoned with. FPW Financial Advice examines the following:
- The world’s most entrepreneurial age groups
- Senior entrepreneurs more likely to succeed
- Greater industry and life experience
- Broader networks
- Positive mindset and motivation
- The capacity to self-finance
- The benefits of self-employment.
Click here to read more about how senior entrepreneurs are rewriting the rules on work and retirement. We have summarised the key points highlighted above as well as also outlining some information on starting a business in retirement age.
If you’d like to discuss how starting a business could benefit your plans and retirement savings, please speak to us. We can advise you on your options, taking into account your overall financial goals.
Until next time,
Regards Rodney.
Rodney Johnstone CFP BBus, DipFP, GradDipAppFin
Authorised Representative of Count Financial Limited
Financial Adviser, FPW Financial Advice Pty Ltd
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