When other people may be looking towards retirement, some advantageous workers over 55 are starting their own businesses. Mostly seen as a young person’s game, aging baby-boomers have accounted for more than 20% of new entrepreneurs in 2010. With age also comes experience, connections and local networks, and some start-up funds from being in the workforce. Older workers turn towards self-employment to finally do something they’ve always dreamed about. On the other hand some form their own business after suffering a job loss in the recession, or having retirement funds diminish during the stock market crash.
72-year-old Chester Hoernemann earned his master’s degree at the age of 59 in 1999, reinventing himself after years of digging basements and installing plumbing and heating which took a toll on his body. Now, Hoernemann is a therapist, counselor and entrepreneur starting Step by Step Behavioral Counseling in Glencoe, MN.
Read more at MPRNews
Older, wiser Minnesotans turn to self-employment
by Jennifer Vogel, Minnesota Public Radio
March 2, 2012