Connect with us

Hi, what are you looking for?

Right Decision NowRight Decision Now

Business

Older adults can thrive as entrepreneurs, says expert

Entrepreneur and Aston University alumna Dr Isabella Moore CBE is challenging stereotypes about older adults in business, advocating for the transformative power of later-life entrepreneurship to boost health, confidence, and mental well-being.

Prominent businesswoman and founder of the Olderpreneur Alliance, Dr Moore shared her insights on The Healthy Work Podcast with Dr Simon McCabe, where she highlighted the unique advantages older adults bring to the entrepreneurial world.

Drawing on her Aston University research, Dr Moore argues that older adults possess valuable “age capital”—the resilience, skills, and adaptability built over a lifetime—that make them well-suited to entrepreneurship. Her Later-Creator programme, designed to foster confidence and resilience among mature entrepreneurs, aims to support those looking to embark on new ventures after retirement.

“Many individuals I spoke with were worried about losing cognitive abilities in retirement, particularly those with family histories of dementia,” Dr Moore said. “They sought the mental challenge of running a business to stay sharp.”

For many, later-life entrepreneurship is not just about financial gain but also a means to stay mentally active, preserve identity, and contribute meaningfully. Dr Moore noted that societal expectations often discourage older adults, particularly women, from exploring business opportunities. “Many women internalise the idea that they should focus on grandchildren or caregiving rather than business, while men feel pressured to ‘slow down,’” she observed.

Dr Moore advocates for an age-friendly business environment, urging employers, policymakers, and the media to recognise older adults as valuable contributors to the entrepreneurial landscape. Tailored support, she says, is key for older entrepreneurs, addressing life stages, family responsibilities, and the unique expertise they bring.

Dr Simon McCabe, head of the Healthy Work Research Group at Aston Business School, praised Dr Moore’s work, noting that “age capital” offers older entrepreneurs credibility and confidence. “Keeping both physical and mental well-being in check is foundational to navigating the entrepreneurial journey and building resilience,” he added, urging older adults not to let ageist stereotypes hold them back.

As interest in mature entrepreneurship grows, Dr Moore’s work continues to challenge perceptions, opening up new opportunities for older adults to thrive in business and achieve greater well-being.

Read more:
Older adults can thrive as entrepreneurs, says expert

    You May Also Like

    Business

    The head of the International Monetary Fund has warned of increased risks to the stability of the financial system after weeks of banking sector...

    World News

    BEIJING — China landed an uncrewed spacecraft on the far side of the moon on Sunday, overcoming a key hurdle in its landmark mission...

    World News

    LONDON — Talks aimed at reaching a global agreement on how to better fight pandemics will be concluded by 2025 or earlier if possible,...

    World News

    SINGAPORE — Ukrainian President Volodmyr Zelensky’s unscheduled appearance at Asia’s biggest security conference dominated proceedings on Sunday after China’s defense chief slammed “separatists” in...

    Disclaimer: rightdecisionnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 rightdecisionnow.com | All Rights Reserved