Learn about starting a business after 50

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A representative of The Company Corporation will present a webinar at 2 p.m. Thursday, June 19, aimed at helping new business owners over the age of 50 determine which small business structure is right for them. The webinar is part of a series presented by AARP and The Small Business Association.The presentation will operate as a companion to a free e-book, “How to Start a Business After Age 60 — and the 20 Best Businesses to Start,” written by John Meyer, the director of education at The Company Corporation. The e-book proposes nine different business tips as well as 20 businesses suited for people over 60, including consulting business, tax preparation services, life or business coaching, retirement and financial planning, and franchising.

“The last Baby Boomers will be turning 50 this year, so there’s still a large segment of the population in that age demographic that are contributing as small business owners,” Meyer said. “They’re either taking skills and experiences that they learned in past careers and making a transition through a choice of their own or through economic circumstances that they’re now taking this initiative to start their own business.”

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Meyer recognizes many might feel too old to start a business, but suggests it might be the perfect time to follow a lifelong goal.

“With someone in their second or third career, at that time of their life, it may be time to follow a passion after working through a job that maybe was geared towards saving money for children’s education or some other type of a life goal,” he said. “Now they have life on their terms where they can go follow their passion.”

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