COVER STORY

Second acts: Meet four professionals who successfully traded corporate careers for business ownership

 

Thinking about a career transition?

•  Americans 55 to 64 have launched more businesses than any other age group during the past decade, closely followed by those 45 to 54, reports the Kauffman Foundation, a nonprofit dedicated to entrepreneurship. ‘When you think of today’s entrepreneurs, young hot-shots like Facebook’s Mark Zuckerberg or Google’s Larry Page may be the faces that come to mind. But it’s baby boomers like Ringer who are striking out on their own at the fastest clip of any generation,’ says CNNMoney.

•  Identifying your ‘passion’ — particularly, what you like to do the most in your spare time — will lead you in the right direction, say nearly all sources that purport to help career-changers. So will taking stock of your experience and skills, which might include some you hadn’t previously considered. There’s a multitude of articles, books and online-resources available, much of it directed at boomers. One book out this year, for instance, is the paperback version of ‘Second-Act Careers: 50+ Ways to Profit from Your Passions During Semi-Retirement’ by veteran career coach Nancy Collamer. It offers examples of career-changers as well as advice.

•  Marci Alboher’s ‘The Encore Career Handbook’ is a valuable resource for older workers looking for career alternatives with a social purpose that may not necessarily be entrepreneurial. Alboher, like others, suggests that those contemplating career change begin by thinking about their own interests: What would you want to do if you weren’t doing what you’ve been doing for the last 20 or 30 years? What issues matter enough that you would want to volunteer your time or talents if you knew you could make a difference? Alboher also says that volunteering is a good way to get started: Check out AARP’s http://createthegood.org , http://www.volunteermatch.org and, for both work and volunteer opportunities, http://www.idealist.org .

SOURCES: CNNMoney; Associated Press


Sun Sentinel

They labored in corporate settings for decades, grinding away every day working for someone else. Some simply longed for a new challenge, while others faced layoffs or employment uncertainty. When it came time for a change for several South Florida baby boomers and one 40-something, they didn’t want to leave the place they consider home, but they were ready to do something different. It was time for a “second-act” career.

For many, moving away from a corporate setting meant tackling their own business. That can be scary, and stressful. But it also can be rewarding.

Read the full story at Sun-Sentinel.com.

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