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More retirees opting to launch startups

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  • More retirees opting to launch startups

    Have you noticed this more and more? Do you know anyone who retired and started up a business?

    More retirees opting to launch startups - For the past 10 years, adults ages 55 to 64 have been the group most likely to start a new business, according to a study released in May by the Ewing Marion Kauffman Foundation, which promotes entrepreneurship.
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  • #2
    I'm noticing around here that alot of cops retire and start landscaping businesses. I know 2 personally and I think theres a few more that have started up, all in the past couple years only and thats only from my township that has 10-15 cops. I could only imagine what the larger surrounding cities cops are doing.
    \"Every strike brings me closer to the next home run\"

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    • #3
      WOW! and there is nothing like getting a full pension when you want to start up a new company.
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      • #4
        I have noticed two older people starting up lawn maintenance companies here. Both of them are around 55-60 years old

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        • #5
          Do they do the work themselves or are they more over seeing operations?
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          • #6
            Both of them are doing the work themselves that I can see. I don't think that they work it full time though

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            • #7
              How do you feel such new start up companies effect you and your business?
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              • #8
                I personally feel that they drive the prices down. Yes, I know that we can all argue that you can't necessarily blame that totally on competition, but in this area, when a new company comes in with lower prices, people will flock to them

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                • #9
                  Quote[/b] ]I personally feel that they drive the prices down. Yes, I know that we can all argue that you can't necessarily blame that totally on competition, but in this area, when a new company comes in with lower prices, people will flock to them
                  I absolutely agree with you and I do feel such competition drives down prices, but what do you feel are the best options when presented with such a situation?
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