LYNN FRIESTH

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Finding the Next Act for Silver Entrepreneurs

Companies are still short of talent, and when they can find new talent from new areas, they need to help them build skills. 

With the older workforce either retiring in their 60’s or being released, we definitely have a huge amount of talent sitting on the sidelines. 

And tapping into the experience and expertise of Silver Entrepreneurs may just be one of the best hiring decisions businesses will ever make.

Who Are the Silver Entrepreneurs?

These are the people who are leaving the corporate world looking for their “next act” in life. People will choose many different paths to do that, like volunteering and many other ways they can share their skills and knowledge with others so they can make a difference. But they’re not exactly sure how to do that.

What Do the Silver Entrepreneurs Do?

Those “next acts” can refer to so many things depending on the Silver Entrepreneur’s interests and energy. Here are a few things they can do:

  • Volunteer at nonprofits

  • SCORE (a network of mentors that provides free counseling to people who are starting businesses)

  • Teach in schools

  • Freelance and contract work

Here are book resources for more ideas on what they want to do:

  • Business Model You by Alexander Osterwalder, Tim Clark, and Yves Pigneur

    • 9 key elements of a business plan

    • Create and understand their value proposition

  • Company of One by Paul Jarvis

    • Having a business, but staying small

    • Value over quantity

    • Scalable Systems

  • The Million Dollar One-Person Business by Elaine Pofeldt

    • Ideas for high paying businesses and examples

    • Focus on your value to others

  • The Consultant’s Quick Start Guide by Elaine Biech

    • Business details

  • Getting Started in Consulting by Alan Weiss

    • Developing a consultant mindset and skillset