Do not Feel Old to Start a Business

old businessYou think you have passed the golden age? Think again. A new conference to encourage people over the age of 50 to become entrepreneurs.

Silicon Valley gold adore children. It is easy to see the success of Mark Zuckerberg and Jack Dorseys. World assume that young age is a must, or at least the main requirement when starting a business.

However, according to the Kauffman Foundation’s annual index, the level of new business started by entrepreneurs aged between 20 and 34 actually have fallen in recent years. Meanwhile, the number of attempts made by older entrepreneurs aged between 55 and 64 increased dramatically. In 1996, only 14.3 percent of new entrepreneurs who are older than 55. In 2012, that number increased to 23.4 percent.

Now there is a special conference targeting new entrepreneurs old age. More recently, non-profit Center for Productive Longevity launched a national conference in Washington DC to promote entrepreneurship to people over the age of 50. The event is the brainchild of Bill Zinke (86 years) who had previously founded and ran a management consulting firm focusing on the issues that arise with older workers. Around 2007, he began to think about ways to encourage the growth of the elderly population to remain productive. Based on his own experience, he believes entrepreneurship is very well suited for the older generation.

“Parents have something that young people do not have: the experience, expertise, assessment, and performance,” he said as quoted by Inc.com.

“That’s why parents are creating new business has a higher success rate.”

In recent years, the economy has shifted from industrial to knowledge-based. Parents can continue to work well in the 60s, 70s, and 80s, “I think my example. And I do not think I am an anatomical miracle. I just reflect the reality of the demographic changes in America.”