Overview

A growing number of individuals in the later stages of their lives are turning interests, hobbies, and skills into a small business: one in four individuals between the ages of 44 to 70 are interested in becoming entrepreneurs. Entrepreneurs over the age of fifty, also known as encore entrepreneurs, are one of the fastest-growing groups of entrepreneurs in the United States. Whether you are interested in starting a small business right away or are intending to wait until after retirement, now is the time to explore the possibilities.

Targeted Services for Older Adults

To find your local SBDC, click here.

Programs and Resources

  • The SBA Learning Center offers several free online courses. In addition to courses on general business topics like accounting and marketing, there are the Encore Entrepreneurs and Encore Entrepreneurship for Women courses that are designed specifically for the Encore Entrepreneur. 
  • FastTrac for the Boomer Entrepreneur is an entrepreneurship education program and recognizes the business-ready characteristics of those aged fifty and up and offers curriculum specific to the needs and opportunities of entrepreneurs in the Baby Boomer generation.
  • The AARP offers a wide range of work-related webinars, including a series on small businesses and encore entrepreneurship.

Featured Success Stories

Disobedient Spirits

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Robert Begg and Robert Sechrist had long, distinguished careers as professors at Indiana University of PA (IUP), but as they approached retirement, they wanted to pursue some of their other interests. Sechrist had substantial experience as an analyst in the wine industry where he had been honored as a Certified Specialist…

Munger & Associates, LLC

It is never too late for a potential entrepreneurs to take the first steps towards the realization of that old dream, and probably no one else best exemplifies this better than Peter Munger. At 83, Peter founded Munger and Associates, an independent business that contracts with key manufacturers to provide flooring needs to government…

Talluto's Authentic Italian Food

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Talluto's showcases its food at an Italian Festival. A chef by profession, Joe Talluto enjoyed sharing his passion for Italian Cuisine.  Joe’s knowledge and appreciation of simple Italian cooking drove his hope of opening his own ravioli store.  In 1967, Joe sold his family’s home in Southwest Philadelphia for $7,500 to…