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baby boomer business owner, especially those involved in second act businesses are enjoying the freedom of owning a business. They are also feeling the stress that comes with the territory:
"Owning a business is like getting married: The level of commitment is extraordinary, the amount of pressure is high – and it's unrelenting," says Ken Siegel, a workplace psychologist in Los Angeles. For older entrepreneurs, "your body is less resilient," he says. "The tolerance for distress is less – and you've got to face it, being in business is stressful." Via SmartMoney
The baby boomer trend towards entrepreneurship, especially second act businesses that allow them to put the experience they gained in the corporate world to work is can be stressful.
Many boomers plan to continue working well into retirement.
With 70 percent working in retirement, many seeking new business ventures, and viewing this as a "lifestyle change" spells a real challenge for employers with baby boomer employees and an opportunity for business owners that are looking for buyers for their business because they will be looking to Buy a Business, Not Start a Business. Via Un-Retirement: Small Business Trends: Baby Boomer Entrepreneurs and Work Life Balance
How do you think this will affect your business?
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