Are you nearing retirement and exploring new opportunities? Or, are you wondering how you will generate income once you retire? A growing number of individuals over the age of 50+ – or “encore entrepreneurs” – are turning to small business ownership.
Whether you are interested in starting a small business right away or are intending to wait until after retirement, now is the time to explore the possibilities.
Get Ready for a New Start
SBA has a number of resources and tools to help encore entrepreneurs effectively prepare for starting and running a small business, including business planning, mentoring and financial assistance.
Complete a self-assessment to understand your readiness for starting a small business.
Try our free “starting a small business” course for encore entrepreneurs. It’s an easy-to-use guide with important details you need to know about starting and running a small business, financing and more.
Learn More at the Virtual Help Desk
Our virtual concierge, named Jean, is the go-to encore entrepreneurship guide and will help you discover SBA information on disaster planning, veterans resources and mentoring. You also have an opportunity to tell us about what small business topics you’d like to learn more about.
Write a Business Plan
Your business plan is an essential part of getting your small business up and running. It will serve as your short- and long-term guide to managing your business. For step-by-step instructions on developing your business plan, try the business planner to define your market, products, services, sales strategy, marketing and financing.
Find Local Resources
Enter your zip code to find a small business counselor or mentor through a Women’s Business Center, SCORE chapter or Small Business Development Center near you. SBA resources can help you learn more about your target market, how to manage a successful small business and ways to sustain your growth.
Start Smart with SBA Resources
Business franchising offers many opportunities and this form of ownership has helped many entrepreneurs. Learn more about franchising and find out if it’s right for you.
An integral component of starting a successful business is raising sufficient capital. There are many challenges here, but SBA has numerous resources to help you, including information on small business loans and blogs about financing.
Learn about the Patient Protection and Affordable Care Act and which key provisions impact small businesses.
SBA has information on the various programs that can help you position your business for contracting opportunities throughout the federal government. Also, read blogs to learn more about programs that help you sell products and services to the federal government.