It can be confusing to keep straight the comings and goings of the Baby Boom generation and their ownership of small businesses. The yin-yang narratives are (1) More and more people between the ages of 55 and 64 are starting small businesses and (2) Small business owners who are in their 50s and 60s are selling businesses at a robust clip.
Here are examples of the two clashing “trend stories”:
People in their 50s and 60s are starting businesses
In a recent story on NPR’s All Things Considered, reporter Ina Jaffe reported that Kauffman Foundation research shows that business creation by older Americans grew more than 60 percent between 1996 and 2012 and that in 2012, nearly a quarter of all new businesses were started by people between the ages of 55 and 64.
Written by Rex Hammock. To read the full article, click here. Premier Business Network™ provides Guaranteed Benefits for Small Businesses™. Feel free to join the conversation about small business benefits at #pbnbenefits. For more small business tips or to become a member, visit our website at www.premierbusinessnetwork.com, and follow us everywhere @pbnbenefits.