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January 31, 2018 by solutions4s Leave a Comment

Why Seniorpreneurs Are The New Force in Small Business

All seniorpreneurs are Millennial coding wizards who spend their days inventing disruptive fintech platforms between ping pong tournaments and lounging about in bean bags in their uber-cool, open plan small business offices. Right? Not so fast.

The new wave of seniorpreneurs is driven, experienced and may even have a few grey hairs. Seniorpreneurs, business owners aged 55 to 64, lead about 34% of Australian firms, according to new research from the Swinburne University of Technology and Queensland University of Technology.

The entrepreneurship activity rate of 8% for this age group is about 3% above the average of innovation-driven economies, which makes them the fastest-growing pack of our entrepreneurial talent.

Bambi Price, co-founder of Melbourne-based SeniorPreneurs Foundation, says our ageing population and a changing nature of work are key drivers of this trend. Plus, older people bring a wealth of knowledge to small business.

Read more here

Filed Under: Blog, Finances, Retirement Tagged With: Seniorpreneurs, Small Business

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