What is Second Innings 50 plus-Is to sow the seeds for active life after 50+. the longevity and health of humans have improved and there is at least 2-3 decades of life post 50.
The wisdom you have accumulated as a professional is of immense value to society. The active brain will make you make you feel like a youth bubbling with energy.
There are of hundreds of ways one can start the second innings as a consultant, joint business with spouse, help the startups, social impact projects etc
This blog is an attempt to kindle your interest and bring to the surface all the accumulated gray matter for every ones benefit.
TOI Response of 15-03-2019 reports
Those between 55 and 64 constituted only 15% of burgeoning entrepreneurs two decades ago but the number has reached 24%
There is growing number of army veterans in retired franchisees
Harland David Sanders, Kentucky Fried Chicken
Col. Sanders did not start out as anyone’s idea of a successful businessman. He lost his father at an early age, quarreled extensively with his stepfather, and was fired from multiple jobs, even losing his job as a lawyer after a courtroom brawl with his own client. However, he was determined to never give up, and this trait led to his eventual success.
While working at a service station in Corbin, Ky., Sanders gained local popularity for his delicious chicken recipe. After the Corbin station was destroyed by a fire, Sanders had the location rebuilt as a motel and 140-seat restaurant. In 1952, at the age of 62, Sanders franchised his “Kentucky Fried Chicken” for the first time. Today, KFC has over 18,800 outlets in 118 different countries and territories.
Jim Butenschoen, 65, left the IT industry to start a hair-design academy
After 22 years in corporate sales and marketing, Jim Butenschoen of Springdale, Ark. decided that he’d had enough. “Corporate became more important than the customers. Internal processes and procedure, while important, were valued more than the needs of our clients. I really wanted to control my own destiny.”
Butenschoen spent five years searching for the perfect business to buy and decided on a beauty school. It’s not the industry he thought he’d join, but he liked the idea of growing a mom-and-pop operation.
Before his schools were up and running, he utilized Guidant’s iFinance service for funding. “The most impressive aspect of Guidant was their comprehensive approach to the entire process from incorporation of the business with all of the supporting documentation to the annual reporting requirements.”
Now, business is booming—Butenschoen has opened a total of four schools and moved the first two to larger facilities to accommodate continued growth. A beautiful business, for sure.
The Career Academy of Hair Design Approach...
We are dedicated to developing "Salon Ready" students by providing:
We focus not only on the basics, but all aspects of the Cosmetology industry. You will develop the skills, knowledge and capabilities to launch your career in the industry!
We even have a special course in business that provides you with the tools to meet your financial goals in the salon or spa.
Financial aid is available to those who qualify.
You are good in organizing tours. Start tours for 50 +
You have retired from HR Function. You are an expert coach on improving interpersonal relations.
Professional Associations help you to build network
Both the spouses are passionate about cooking. Your specialty may be a region specific cuisine. You have spare room and can convert it into a kitchen.
Tie up with food delivery apps for booking orders and delivery to customers.
You can participate in events to popularize your cuisine.
You have thought science subjects to your children during their High school. You notice a remarkable change in attitude towards science. This is your strength. Capitalize on this.
You are solving a problem.
You are a 50+ women.You are a baking expert.You can prepare cookies gift box and sell them in your neighborhood. This will help you to gauge customer acceptance. A satisfied customer can provide more leads.
You can start preparing for special occasions .
Monetize your skills set.
50 & 60 years are considered as a landmark.Family, Friends and others would love to give appropriate. Since you are 50 + you will know what is useful and also creates a BUZZ.
A research indicates that a 55-year-old and even a 65-year-old have more innovation potential than a 25-year-old. Source:arkenea.com
Find your “why”
Before embarking on a business journey in your 50s, 60s, or beyond, consider your reasons for doing so. Is it a method of ensuring financial stability?
Is it a way to make extra money while practicing a skill you value?
There’s no wrong answer, but knowing your “why” will undoubtedly help guide you as you prepare to pursue your small business idea.
You’ll be able to right-size your business to your goals.
Mommy Sauce was born out of a love of cooking and family. Encouraged by her son, a renowned chef, Mommy built a business of her own, selling her secret sauce recipes to the world. She started her business in 2015, when she was 71.
If you have a dream, start now. Wake up and work.
“I am 73 years old now. A good thing about this age is that I have less stress in general. I wake up with the mentality to work hard and sleep well at night with ease. It’s much easier now than when I was younger. When I had my restaurant Silver Garden, I had a family to support, and it was much more difficult for me. I'm at an age now where I don't need to worry about paying the bills or saving money or supporting a family. My kids support themselves. My friends support me. I have more confidence and am more clear about my dreams and goals. I am doing what I truly love.”
What advice do you have for other people looking to start a business after 50 or in retirement?
“Don't think too long on an idea and let it sit. Time flies. If you have a dream, start now. Wake up and work. You have less to lose when you're older. Your kids are grown. You should have fewer worries. Have a dream that will make you happy for the rest of your life, don't live to just get by.”
You have retired as a senior HR Executive from Corporate. Grooming Talent has been your expertise. New entrants from college Campuses lack key soft skills has been a point often discussed in professional circles.
You can offer soft skill development training for first time job seekers. If you have a spare room start from your home. May be interacting with this generation will keep you young.
There are many small and medium businesses looking for expertise in your area of expertise.
College Campuses are looking for mentors to support aspiring entrepreneurs
Test your skills . Run a pilot