If you’re planning to start your own business for the first time in midlife, you may want to find a small business mentor. Research shows that 70% of mentored small businesses survive past the five -mark — nearly twice the rate of non-mentored business… Continue reading
In his book Wisdom @ Work, entrepreneur and “modern elder” Chip Conley identifies “intergenerational reciprocity” as a wellspring of social and economic opportunity. “When generations were siloed, both older and younger workers were like hermetically s… Continue reading
If you’re a woman over 50 thinking about starting a business, a great way to learn how to do it is by speaking with women entrepreneurs who’ve done so successfully. I just had an opportunity to do just that, talking with three I saw at the What’s Next… Continue reading
When a midlife entrepreneur launches a business with his or her adult child or with a twentysomething or thirtysomething co-founder, it’s often a winning recipe. These intergenerational pairings are frequently energizing and, based on what I learned wr… Continue reading
The popular notion of an entrepreneur is one who starts a business, so just what is an unintended entrepreneur? It is someone who never thought of starting a business or juggling income streams, but now finds himself or herself scrambling to make ends … Continue reading
Many people in their 50s and 60s who’ve worked for someone else their entire careers start thinking they’d rather be their own boss. Maybe you realize you can earn more as a consultant. Or you want flexible hours to care for family members. Or you’d l… Continue reading
Family-run firms comprise some 90 percent of business enterprises in the U.S. and about two-thirds of employment. So what happens with family businesses matters greatly to the economy and society. That’s why it’s important to highlight how the demograp… Continue reading
When you’re in a family business, it’s essential that the generations work seamlessly together. That’s especially important when it comes to technology, which is, in essence, the tools and vocabulary of any thriving business. So if you plan to introduc… Continue reading
One of the of the trickiest thing for a family business to do is to ask for help from an outsider, whether it’s bringing on an expert as a full-time employee, a consultant or a board member. But to take a family business to the next level, tackle thorn… Continue reading
Nothing succeeds like success, the saying goes. But for family businesses, it’s smart succession planning that can be the key to sustaining the company in the future and keeping it flourishing. Problem is: few family business owners are doing a good jo… Continue reading