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
Most government policy proposals addressing Americans’ financial insecurity about retirement focus on boosting retirement savings. Tweaking 401(k) rules, creating mandatory universal retirement savings plans, that sort of thing. But there’s another app… 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
Are you looking for a second act in a growth field? Consider the longevity market — services and products targeting people over 50. The opportunity is enormous. According to AARP, the economic activity of Americans 50+ is the equivalent of the third la… Continue reading
(This article previously appeared on the Make Aging Work site.) A Certified Financial Planner friend of mine shared a story over breakfast recently. One of his long-standing clients — let’s call him Jack — who had fully retired six months earlier, cal… Continue reading
(This column is adapted from the first chapter of Purpose and a Paycheck: Finding Meaning, Money, and Happiness in the Second Half of Life by Chris Farrell. The book will be published by HarperCollins Leadership on February 5, 2019.) The association o… 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
Of the 28.8 million small businesses in the U.S. 19 percent are family-owned. As that type of business grows and evolves, it begins to benefit from the many generations running the day-to-day operations. Here are five ways a family business can benefit… Continue reading