Young entrepreneurs might get all the press, but midlife entrepreneurs — sometimes known as “encore entrepreneurs” — are a category that’s showing explosive growth.
Starting a business in midlife is in vogue. And there are lots of great reasons for it which we’ll explore here.
According to a study by Paychex, there has been a massive surge in people seeking midlife career change since 2007. Here’s what they found:
“In 2007, there were two 50-plus year old entrepreneurs in every 10. Today, the rate stands at three in every 10.”
That’s a 50% increase in entrepreneurship for this age group!