If you enjoy something, starting a small business is definitely an avenue to explore, especially with retirement accounts in the dumpster with the stock market, and pension plans in jeopardy. As the baby boomers are hitting retirement age, social security isn’t looking like a good plan to rely on either.

A small business could be the back up plan for your retirement plan. Especially if you’re not ready to just sit back and take it easy.

Pick something you enjoy doing, that you think has definite business possibilities and give it a try, but don’t throw your entire retirement nest egg at it.

Pick something you can start on a small budget, or maybe purchase an existing small business with a good track record.

Many people are living longer and healthier lives these days, running a small business and staying active can actually help you stay healthy and have a purpose in life.

You don’t have to work long hours, there are many businesses you can work part time. With the internet, and so many wireless internet options these days, you may even be able to run your small business while you’re traveling.

You don’t have to wait until you retire to start your small business, if you start sooner, then maybe you can retire sooner:-)

Image: Photoxpress.com

Post from: EveryJoe

Starting a Small Business After Retirement?

How should you fill positions vacated by baby boomer retirements?

” “It’s there because people of retirement age typically are in management or technically complex positions. This is particularly the case in technical manufacturing positions, where the learning curves are steep,” says Martin.

But then Ron Herzog, President of FPC, begins to explain the process used to fill the positions:

“Companies need new employees in those jobs now to develop the skills needed by the time the boomers retire. The urgency is real,” Herzog maintains. “Many of our clients are manufacturing companies, which are expected to be among those hard hit due to the high instance of employees older than 45 years in management.” “

Note the “need for new employees…to develop the skills needed by the time the boomers retire”. Seems to say that the only way to fill these positions is to hire younger workers.

Bill Martin’s response to the “how to” question is similar:

“”Our clients haven’t been able to find enough qualified grads to fill this pipeline, so they’ve partnered with us to find people to back-fill the pipeline with two to three years of experience. Just about 20 percent of our recent placements have been baby-boomer replacements, and we expect that number to increase.”"

Wow- what about all the people who will be retiring in 10-20 years? Is this group left out because they cost too much? Or because they typically don’t have the technology skills required? Or, is it because they tend to be less flexible in the way they do things? Why is there a miss in relation to older workers replacing retiring workers? Is it driven by the myth that young workers will work for the same company for many years? What do you think?

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Post from: EveryJoe

Filling Positions Vacated by Baby Boomer Retirements: Why Not Older Workers?

Manufacturing Business Technology (MBT) magazine deals with a topic I’ve followed with great interest:

According to MBT, the next five years will be interesting:

“New York-based FPC (F-O-R-T-U-N-E Personnel Consultants) says its recruiters already are seeing early nationwide effects of the massive baby boomer retirement wave expected in the next five years. In total, 76 million are expected to leave the workforce, according to the Bureau of Labor and Statistics (BLS).”

How should companies fill these losses due to retirement? Should they hire recent grads and mentor them before older workers leave? Or should they go on a campaign to find mature workers with similar experience? What would you do and why?

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Post from: EveryJoe

Baby Boomer Retirements Fuel Demand for Experienced Employees?