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Age Is No Barrier: How Seniors Are Staying Active and Creating Businesses
Plus: Canada’s Newest Program For Women Entrepreneurs
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Age Is No Barrier: How Seniors Are Staying Active and Creating Businesses
Canada’s Newest Program For Women Entrepreneurs
Notable Spotlight: Ontario Culture Days 2025
Notable Plug 🔌
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Age Is No Barrier: How Seniors Are Staying Active and Creating Businesses
Entrepreneurship isn’t just for millennials and Gen Z—seniors are proving it’s never too late to start something new. About 30% of Americans in their 70s, roughly 1.3 million people, are running their own businesses, nearly double the rate of those in their 60s. Even in their 80s, around 27% remain self-employed, keeping pace with the national average. Some pursue these ventures by choice, chasing passion projects, while others are driven by necessity, whether due to layoffs, job rejections, or financial needs. From consulting firms to innovative startups, older adults are reshaping what it means to work and stay active later in life.
Key Takeaways:
Work Beyond Retirement: The number of Americans 65+ in the workforce has nearly doubled since 1985, showing a shift in retirement patterns.
Financial Drivers: Many seniors start businesses to meet growing financial needs, with the average retirement nest egg target at $1.26 million.
Real-Life Examples: George Koenig, 70, launched eCaregivers to address community needs, while 81-year-old Dianne Michels manages multiple ventures, proving age isn’t a barrier.
Community Engagement: Senior entrepreneurs often stay connected to their communities, building networks and contributing meaningfully even as solo operators.
Why It Matters:
This trend shows that retirement doesn’t have to mean slowing down. Seniors are finding purpose, financial independence, and creativity through entrepreneurship. For businesses, policymakers, and aspiring founders of any age, it’s a reminder that innovation and ambition have no expiration date.
🌐 AROUND THE INTERWEBS
Canada has announced it’s newest program to help women entrepreneurs acquire small businesses from aging owners. Find out more here!
🔦 NOTABLE SPOTLIGHT 🔦
Ontario Culture Days
Ontario Culture Days Festival is an annual celebration of arts, culture and heritage taking place each fall across the province.
🔌 NOTABLE PLUG
🎙️ Get Into It: The Worst Idea of All Time. Two comedians watch the same terrible movie every week for a year—and riff on it. Completely absurd, deeply hilarious, and strangely addictive. Listen on Apple Podcasts and Spotify.
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🧠 Today We Learned: Cows produce more milk when listening to classical music.
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