- Olderpreneurship - What it Takes...
November 19, 2020
4:00 pm - 5:30 pm
Experience U – 4 p.m., Thursday, November 19
Olderpreneurship – Do You have What it Takes to Start Your Own Business?
Presentation by Rocky Mountain Micro-Finance Institute
Did you know? – an estimated one fourth of new entrepreneurs are older adults 55-64 years of age. Nationwide, business formation is up nearly 20% year over year, according to census data. Many of those new businesses are people moving to self-employment…before the economy blew up, it had been strong for about a decade.
A lot of people were sitting on what could be a nice cushion with which to start a new business. Second, home values just keep rising, giving homeowners a line of credit they can use if they want to try something new.
And finally, many would-be entrepreneurs look at the pandemic’s destruction of our daily life and see an opportunity for new ideas. However, when the economy is not good and business is not booming, banks do not risk the limited capital they have right now on startups. How to take advantage of the possibilities, while minimizing the risks?
Join us with panelists from the Rocky Mountain MicroFinance Institute. They have tools, tips, and pathways to help us navigate this tricky but enticing opportunity to launch that perfect business idea that has been incubating for years!