The first wave of Baby Boomer women, who are now in their 50s and mid 60s, are exploring the idea of striking out on their own as entrepreneurs. Many are looking for an “encore” career where they can pursue what they care about and generate income for the second half of life.
Since job opportunities may become more limited at this transitional stage, starting a business with limited risk could make sense. However, it’s not for every woman. Many women in midlife who become inspired to look at an entrepreneurial path have 7 qualities in common:
Entrepreneurs commonly have a strong desire for autonomy. Women at midlife often lose patience playing by corporate rules and want to call their own shots putting their own values first.
Entrepreneurs can bounce back from setbacks. You will need resilience to get through the roadblocks that you will inevitably encounter. At midlife and beyond, women have learned to end up being resilient having weathered life’s good and bad.
Entrepreneurs are self-starters. The most successful entrepreneurs also keep the momentum moving the initial burst of energy.
Entrepreneurs believe in themselves and are able to get others to believe as well. They have the confidence to find the resources they need and the ability to seek out help and support.
Entrepreneurs have good company instincts. They use left-brain rational thinking to evaluate problems, but they also trust their intuition, which is generally correct. Women tend to trust their intuition in business settings more often than men.
Entrepreneurs are action-oriented. They make decisions and take the appropriate strategies required to achieve their desired results. Baby boomer women have had a lifetime of experience to perfect their decision-making ability.
Entrepreneurs nurture relationships. They build networks and thrive on seeing opportunities for connections and mutual benefit. They have well-developed networks, which is essential in starting and maintaining a business.
This is not an all-inclusive list, but you might discover our perspective to be helpful. For fun, rate yourself from the characteristics above and answer the question: “How entrepreneurial am I?”
One common theme of baby boomer women is the need to create greater meaning in their lives and work.
Article contributed by BabyBoomer-Magazine.com
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