REPEAT-BMO: Business Booming for "Boomerpreneurs"
- The psychology behind 'Boomerpreneurs' - many boomers start their own business because they want to work for themselves, not because of financial need - Over the past decade, the number of self-employed workers has increased by 17 per cent; 40 per cent of workers over 65 are self-employed - Entrepreneurial trend could lead to a boost for the Canadian economy - BMO offers financial advice to "Boomerpreneurs" launching new businesses
(firmenpresse) - TORONTO, ONTARIO -- (Marketwire) -- 10/06/12 -- With a third of the Canadian workforce predicted to retire over the next five years, a growing number of retirees are looking to use the opportunity to start a business.
According to Industry Canada, 40 per cent of workers over 65 are self-employed and, over the past decade, the overall number of self employed workers has increased by 17 per cent. The "Boomerpreneur" phenomenon could lead to Canada experiencing a surge of new businesses that, planned and managed prudently, could provide an economic boost in the long-term.
"For an increasing number of Canadian boomers, their retirement picture isn't a definitive shift from work to leisure," said Tina Di Vito, Director of Retirement and Financial Panning Strategies, BMO Financial Group. "Rather, it's more of an extended transition that involves a combination of both."
With Canadians on the cusp of retirement looking to realize their self-employment dreams, the "Boomerpreneur" trend appeals to many for a variety of reasons. According to Ms. Di Vito, these can include:
Ms. Di Vito also noted that, while the additional income generated by a business can be helpful, many boomers do not chose to start a business for this reason alone.
While there are many benefits to opening a small business in retirement, 'Boomerpreneurs' should understand that entrepreneurship involves an enormous financial commitment that is best managed with the assistance of a financial professional. Lack of sufficient preparation could have a negative effect on the business owner.
BMO's Tina Di Vito offers the following tips to Boomerpreneurs-to-be:
For more information on starting a small business, please visit: .
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Contacts:
Media Contacts:
Rachael McKay, Toronto
(416) 867-3996
Valerie Doucet, Montreal
514-877-8224
Laurie Grant, Vancouver
604-665-7596
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Datum: 06.10.2012 - 11:00 Uhr
Sprache: Deutsch
News-ID 190146
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TORONTO, ONTARIO
Kategorie:
Commercial & Investment Banking
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