Baby boomers embrace start-ups to transition out of retirement and find work after retrenchment

"Business start-ups aren’t just a Gen Y game — baby boomers and retirees are increasingly jumping on board, becoming the fastest-growing demographic of entrepreneurs. From 2006 to 2011, there were 30 per cent more 60-74 year old owner managers, according to a new report by KPMG demographer Bernard Salt, commissioned by nbn. Small Business Big Thinking: The Entrepreneurialism of the Aussie workforce revealed the demographic grew from 191,000 to 248,000 in five years. By comparison, the number of owner managers aged 25-29 increased by just 5 per cent, up by 4000, and figures dropped in the 30-44 age bracket. In the six years to June 2015, 340 new small and micro businesses — those with up to five workers — were created on average each week." Read more

Melanie Burgess news.com.au 3 Sep 2016