Start Them Up and They'll Never Stop

The Small Business Administration is aiming to help a rapidly expanding group of entrepreneurs - the Baby Boomers.

The agency today unveiled a Web site designed for the 50-plus entrepreneur that offers information on starting, growing and expanding a small business.

"The SBA is working hard to increase opportunities for small businesses of the baby boomer generation at every stage of their business development through better technology tools and effective services through the agency's district offices and resource partners," said SBA Acting Administrator Sandy Baruah in a statement. "We believe 50-plus entrepreneurs will drive significant new business growth in the coming years."

The new site includes a tool to help potential entrepreneurs measure their business readiness, provides information on borrowing and credit and shares success stories from other Baby Boomer small business owners. It also has been designed to help users evaluate the pros and cons of business ownership after age 50 and advises them on how to treat different phases of business growth.

This is the first offering from the revamped Office of Entrepreneurship Education, which combines SBA's online education programs, business and community initiatives and outreach to underserved markets.

By Sharon McLoone |  October 8, 2008; 3:04 PM ET Tools and Tips
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Comments

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Want to see a real small businessperson on the SBA? Click this link:
http://www.youtube.com/watch?v=km01dU80i7A

Posted by: SBA Bailout | October 8, 2008 6:12 PM

Hello,

I'm CEO of Bizstarters.com, based in suburban Chicago. And a proud Boomer business owner.

We are smack dab in the middle of what we call the "Boomer Business Start-Up Bonanza" with our business start-up coaching system for new Boomer entrepreneurs recognized in 2007 by Kiplinger's Personal Finance magazine as "The Best Entrepreneurial Guide For People Over 50".

We've learned from working with hundreds of new Boomer entrepreneurs that their preferred way to start a business is noticeably different from that of many younger entrepreneurs.

Many of the 50+ entrepreneurs purposely want to get away from the stress and lack of work fulfillment they feel in the corporate world, but still want to "stay in the action".

As a result, many come to us for help in launching fun and rewarding businesses that can be run full-time, part-time or just sometime - often purposely with the owner as the only employee.

They put a heavy accent on making the business work within their desired leisure lifestyle - truly working to live, not the living to work mentality many corporate superiors expect today.

They look for a "no muss, no fuss" approach to business planning where they can find all the counseling, business planning help and start-up services in one place.

We offer this "one-stop shopping" through our Virtual Incubator coaches network, where we combine a growing community of 50+ start-up coaches with a diverse team of business start-up service providers.

As we have done numerous times in the past, we Boomers are demonstrating a powerful social effect, in this case by boosting business start-up numbers in America - people over 50 now own more than 52% of all small businesses in the U.S. and this percentage is projected to keep growing over the next ten years.

The vast majority of Americans over age 55 say that they intend to continue working well into their sixties.

It is wonderful that we have so many enterpreneurial options to provide a fulfilling and profitable alternative fo the corporate treadmill.

Jeff Williams
Bizstarters.com

Posted by: Jeff Williams | October 8, 2008 10:05 PM

Selling to the Government and getting a piece of the over $425 billion spent annually in the federal marketplace is not rocket science; but, knowing the rules of the federal marketplace is critical. GOVERNMENT PROCUREMENT INSIDER is a new comprehensive site on the internet to find federal government procurement information, guidance, opportunities and “real-time” procurement consulting for small businesses wanting to do business with the federal government. It can be found at GovProcurementInsider.blogspot.com. Decades of government contracting and acquisition experience have contributed to the creation of this site and that experience will be at your disposal to help you and your small business maneuver through the obstacle course that can be federal government procurement. Here, an online community for small businesses wanting to do business with the federal government has been created to share information and to attract other companies that want to do business with YOU (see posted advertisements). Discussion topics, relevant articles and links, answers to small business contracting questions, interpretation of procurement regulations and, most importantly, selective advertisers who want to do business with you are all gathered there. The goals of GOVERNMENT PROCUREMENT INSIDER are to quickly get small businesses "in the know" and help them be COMPETITIVE so that they have an opportunity to get a piece of Uncle Sam's enormous procurement pie. Check out the site at GovProcurementInsider.blogspot.com, search the advertisers for great business deals and pass this information along to colleagues, acquaintances, family and friends that may want to get their piece of the $425+ billion pie.

Posted by: The Insider | October 9, 2008 8:54 PM

I'm glad that SBA is helping entrepreneur baby boomers. I've been searching the web and I came across a lot of sites that are baby boomer friendly, for example, Biztrader.com. They help sell businesses which is perfect for boomers who want to retire. Internet are finally realizing that age has no number when it comes to being an entrepreneur.

Posted by: Dan | October 11, 2008 2:04 PM

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