Don’t Overlook Older Workers For The Future Workplace Or Entrepreneurship
By
Prof. Theodore Henderson
The Wisdom Man
Baby boomers have with them a precious resource of experience and knowledge that any workplace will consider an asset. As recent statistics show that more boomers will be making up the workforce in the years to come, work environments are expected to be more generationally diverse than ever. This is an opportunity that shows much promise concerning growth, expansion and success potential for any business.
Having older workers in the workplace may have its advantages. Still, there are several other options for spending retirement that can maximize the time and potential of the boomers. With their trove of skills, learning, abilities and business relationships built over the years, they are amply prepared to handle the rigors of entrepreneurship. One of the new business options I encourage older workers to pursue is independent consulting and monetize their expertise. See my free resource tool for more information on this option.
New developments in health have made it possible to live an average of 20+ more years past retirement age. Boomers can choose to explore the best jobs for older workers or, better yet, resuscitate old passions. By building a business of their own, they can recreate a future, which affords them control over their income, time and direction.
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The challenges of recent times such as the economic and financial crisis have taken a toll on retirement funds, savings and available opportunities to make money. Delving into entrepreneurship is a trend amongst the boomers, which shows a consistent uptick because of financial rewards. Older workers and entrepreneurship bring together the best out of two worlds. While entrepreneurship provides flexibility and independence, boomers have the practical and technical know-how that can make them successful as business owners.
Baby boomers becoming entrepreneurs can contribute not only to enriching their personal lives but also in creating jobs and increasing economic activity within their communities. They may use their wealth of friends, intellect, and experience from previous employment to start this new endeavor and make a social impact.
Retirement is a new phase in one’s life that provides an opportunity to achieve the desired personal and professional growth not possible in a 9-to-5. Coupling entrepreneurship and baby boomers can also offer many benefits to the society concerning maintaining the values, traditions and business principles most tend to take for granted.
Baby boomers have every reason to feel insecure and fearful about beginning a new commitment late in life. Considering the risks and the threat of failure, there’s little time resource left to recoup any possible loss from a new undertaking. However, this should not make those dreams wane. More than anyone, baby boomers are in the best position to get into entrepreneurship even if they rest on their knowledge and network alone.
Boomers are not like most start-up companies today founded by younger people who lack control of their time, lifestyles and diet. Boomers have the edge concerning expertise, business principles and personal values. All these allow them to make their ventures stand on a solid foundation. Through their wisdom and judgment, taking an executive or leadership role maximizes boomers’ strengths.
Staying active during the later years in one’s life is an exciting venture that will stimulate interest from anyone of any age group. Boomers will receive support and encouragement within the community where they reside. The wisdom of the age can never be underestimated. It must be treasured, cherished and respected to protect economic interests, rev up economic activity, and contribute to the livelihood and prosperity of an economy.
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“10 Steps to Create a
Profitable Consultant Business”
About The Author
Theodore Henderson works with business owners, entrepreneurs, and corporate professionals. He is an Amazon best-selling author, a Certified Career Coach, a Certified Leadership Coach, and a Certified Social Media Security Professional Powered by CompTIA. In addition he is the author of the business program “Launching Your Great Business Idea,” as well as the author of the following books; “The Wisdom Compass: Your 31-Day Journey to Wisdom-Filled Living
”, “9 Simple Strategies to Becoming a Strong Leader
” and the Security eBook “30 Smart Ways to Protect Yourself from Cyber Criminals
” aimed at owners of Smartphones, Mobile Devices, and also those who have significant online activities including Social Media, financial services, etc. He is available for keynotes, seminars, and workshops. He may be reached through www.TheodoreHenderson.com.