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Encore Entrepreneur Program for Americans Over 50

Are you tired of punching the clock for someone else, but think you can't find another job at your age? Are the kids out of the house, freeing you to re-enter the job market? Are you nearing retirement, but don't know what you will do with all that free time - or wonder how you will manage once you retire?

The U.S. Small Business Administration (SBA) and AARP are launching a strategic alliance to provide counseling and training to entrepreneurs over the age of 50 who want to start or grow a small business. For many Americans born between 1946 and 1964, retirement has a very different meaning than it did a generation ago. According to a USA Today/Gallup poll, 63% of American adults plan to work in retirement; two-thirds say enjoyment of work is the key reason. With years of valuable work experience, maturity, and plenty of energy at their disposal, today's older workers are increasingly finding financial and personal fulfillment in running their own small businesses.

Through SBA’s online training courses and its nationwide network of business mentors and counselors, the two organizations expect to train 100,000 “encore entrepreneurs,” men and women over 50 who are starting or running a small business.

SBA has set up a dedicated web page for Americans over the age of 50 featuring: an online self-assessment tool that will help potential small business owners understand their readiness for starting a business as well as information to help with business planning, shaping a winning business idea, professional counseling, financial services and information to find local resources in your area. The web page can be found at: http://www.sba.gov/content/50-entrepreneurs.

Eligibility: Americans over the age of 50.
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