Reposted from www.cedarvue.blogspot.com
By David Pasieka
A friend of mine recently approached me at a social with a huge smile on his face – it was the happiest that I had seen him in months. He was so excited it was hard for him to blurt out the words: “I am free – I resigned my big corporate job last week and plan on starting my own gig – I am charged up and can hardly wait to shift gears and get my venture out of the gates.”
Being the “Entrepreneur’s Entrepreneur” that I am, I got caught up in the passion of the moment. “Congratulations my friend you are now joining the unique and growing club of “Boomerpreneurs” – there’s no looking back from this point on.”
As best as I can tell, the phrase “Boomerpreneur” was coined a couple years ago and written about extensively in the National Post , Business Week, Wall Street Journal and USA Today to name a few. I even found a dedicated Blog on the subject.
A Boomerpreneur is a individual born between 1947 and 1966 who has started their own business. In Canada, this age group represents about a third of the total population and is estimated to control about 65% of the wealth in the country. A study done by Delta Economics (Dec 2008) suggested that over 30% of the Entreprenuers in the US were over 50 years of age. A formidable force indeed!
I have a significant number of clients who are Boomerpreneurs. I am always interested in how they got to formulating their business ventures. Here are a couple of quotes:
I needed to get off the Trend Mill and have some Fun. I been functionally trained by my corporation in all aspects of business – its time to put those skills together for me.
The Recession has kicked the stuffing out of my retirement nest egg. I need to go back to work to supplement by retirement annuity.
I met a couple of young guys with some ground breaking technology. They need some leadership and grey hair on their team to make this a reality. Joining up with them is forcing me to dig deep and remember some those skills that have not been exercised in a while.
My daughter recently started her own business. I was looking for something to keep me occupied. What better way to rejuvenate my working career – with your family.
I have always dreamed about owning my own business. I was lucky in that I could turn one of my hobbies into cash flow – I am having the time of my life.
Take, Take, Take – it’s time for me to Give Something Back.
Thinking of becoming a Boomerpreneur? Tomorrow I will provide seven things to consider.
Are you ready for the challenge?