New SBA site geared toward Baby Boomers

The U.S. Small Business Administration has unveiled a new Web site geared to the 50-plus entrepreneur, providing useful information, links, and resources vital to starting, growing, and expanding a small business.

The new Web site, "50+ Entrepreneur," features interactive information and links to help 50-plus entrepreneurs consider the benefits and rewards of business ownership, and to help them make informed choices about business ownership.

"The SBA is working hard to increase opportunities for small businesses of the baby boomer generation at every stage of their business development, through better technology tools and effective services through the agency's district offices and resource partners," SBA Acting Administrator Sandy K. Baruah said. "We believe 50-plus entrepreneurs will drive significant new business growth in the coming years."

Components of the new Web site include a self-assessment feature to help the aspiring entrepreneur determine his or her business readiness, information on borrowing and credit, and inspirational success stories from baby boomer entrepreneurs. The Web site will help users evaluate the reasons for business ownership after age 50, the risks involved, and how to devise a plan of action at every phase of business development.

This is the first new offering under the structure of the re-launched Office of Entrepreneurship Education (OEE). OEE combines SBA's online education programs, business and community initiatives, and outreach to underserved markets under a single umbrella.

As baby boomers consider career and lifestyle shifts that extend beyond their work careers, tapping into the world of business ownership can allow them to leverage their flexibility, know-how, and business acumen to go into business for themselves. Many have already joined the ranks of the nation's self-employed and small business owners.

The SBA provides financial, management, and technical assistance to thousands of small business owners throughout the country.
 

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