Posts Tagged ‘boston college’

  • “It’s never too late to be who you might have been.”

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    Photo courtesy of www.indivisualism.com

    Seniors should take heart in this courageous quote from the English novelist, George Eliot (1819-1880). She was often called the last Victorian, and we know that was not exactly an era open to creative thought – nevertheless articulation.

    We hear the term “reinventing themselves” often as seniors – with many extended years to live – are taking on new jobs and even starting to launch their own businesses.

    This week’s “Fact of the Week” from the Sloane Center on Aging & Work at Boston College is:

    “According to a 2011 report on retirement trends, ‘continued employment in something other than the career job…rises to a maximum of 32 percent of the men and 37 percent of the women when the HRS respondents are aged 59 to 69, but still remains significant (more than 20 percent of the sample) even among those aged 67 to 77.’ ’’

    The key phrase here is “something other than the career job.” These seniors are truly breaking new ground.

    For those who might be contemplating a bold entrepreneurial venture, the US Small Business Administration’s website offers a nifty self-assessment tool to determine just how ready you might be to start our own business.

    The SBA notes, “Your responses will be scored automatically when you click the Submit button. This score will be used to develop your assessment profile. Based on your score, you will also receive a statement of Suggested Next Steps, directing you to the most appropriate SBA resources to help improve your business preparedness. These suggested next steps may include free SBA online courses, direct access to online counseling or targeted links to appropriate resources.”

    Take their note with the appropriate grain of salt. It is, of course, a bit of shameless marketing for the SBA. There are multitudes of other reputable online resources to help you plan and start your own business. Granted few are directed at the 50+ year old entrepreneur, but we are working on finding more of those targeted resources and will bring them to you as we locate and evaluate them.

    To extend George Eliot’s wisdom, we would add, “It’s never too late to be who you might like to be!”

     

     

  • $160 Billion: The “Contributions” Of Older Adults

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    Today’s seniors annually contribute approximately $160 billion to the US economy in paid work and countless other unpaid activities.

    This nugget was uncovered in a recent article from The Sloan Center on Aging and Work at Boston College. This month the Center has published two articles of great import regarding both the contributions of the older workers and how to keep them engaged.

    The first is a note from Marcie Pitt-Catsouphes, Director of the Center, who on March 31st , attended the White House Forum on Workplace Flexibility convened by President Obama and the First Lady. The focus of this convening was to address how: “The aging of the workforce urges us to create work environments that support the productivity and engagement of workers of all ages and across all career stages.”

    The second article is a fascinating “conversation” with the Sloan Center’s Director of Research, Jacquelyn B. James, PhD. about The “Contributions” of Older Adults. Just one of the topics included is her eye-opening take on the current buzz regarding reverse-generativity.

    And her answer to the question, “In general, do people believe that older adults are still developing and productive later in life?” is a refreshingly honest shot across the bow: “No, not by a long shot!”

    Many interesting insights here, as well as in James’ recent book, The Crown of Life: Dynamics of the Early Postretirement Period.

  • Entrepreneurial Boomers

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    The Sloan Center on Aging and Work at Boston College is doing some innovative projects – research, workshops and publications – on older workers.

    This month it published Fact Sheet #26 which provides a fascinating snapshot of entrepreneurship and the older worker.

    It cited, for example, a 2009 analysis of data from the Kauffman Foundation on Entrepreneurship in which individuals aged 55-64 “experienced the largest increase in entrepreneurial activity from 2007-2008 (0.31% to 0.36%), making it the age group with the highest entrepreneurial activity rate.”

    And for those of you who might be thinking that the current economic environment, layoffs and the dismal lack of job opportunites forced this entrepreneurial activity, another 2009 survey from the Kauffman Foundation, generated these results: “80.3% of respondents stated that inability to find traditional employment was not at all a factor in starting their own businesses. Only 4.5% said this was an important factor.”

    We’d love to hear some of your entrepreneurial thoughts – a new business, a new way of doing business, entrepreneurial ideas for your interview with the company where you’d like to work???


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