Boomer women are becoming entrepreneurs and starting businesses. Now that we have some free time and our careers and/or families are somewhat settled it seems we are charting new directions. The stats tell an amazing story.
- 62 percent of female business owners are between the age of 40 and 59.
- Women now own 4 out of 10 small businesses. 153 million women operate well-established businesses
- Almost 90% of businesses owned by women generate no more than $100,000 yearly yet 63% report their business is their household’s main source of income.
- 56% of startups have at least one female on board
- 10% of healthcare startups are owned and/or funded by women
The truth is it is never too late to start a business. Kathy Patellis Schmidt shared her perspective in this article Creating A Business Has No Age Limits.
One reason we are charting a new path is that many of us have decided we have been doing it for long enough and want to do something we love or that is meaningful. Joanne Loberg explores that subject here, encouraging you to find what motivates you when contemplating a career change or new business venture.
There is no limit to the type of business you can start. We have met and talked with some very innovative women.
Kelly Rae Manis started a nomadic pet sitting business. Her story will fascinate you.
In our Women In Art series you will find many inspiring stories
Anna Zornosa had a very successful start-up Ruby Ribbon after which she then went on to work with other start-ups.
Business Ideas For You
If you need more inspiration, we have put together a list of business ideas that can get you dreaming.
Arts and Crafts sales
Day trading stocks
Teaching or Tutoring
Consulting in areas of your expertise
Dog walking/pet daycare
You might be interested in Kerry Hannon’s book “Never Too Old To Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life.” She profiles twenty women starting businesses.
So are you getting excited? We would love to hear about your business idea.
AT FORTY FIVE partners with women who are willing to share their expertise in any area of business. You can learn more here. How can we help? Reach out to me at firstname.lastname@example.org
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