Kansas City, Missouri · 2016-01-27 · •With life-expectancy rising Boomers should be an...
Transcript of Kansas City, Missouri · 2016-01-27 · •With life-expectancy rising Boomers should be an...
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© 2016 Ewing Marion Kauffman Foundation
Ewing Marion Kauffman Foundation
Kansas City, Missouri
www.kauffman.org © 2016 Ewing Marion Kauffman Foundation
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© 2016 Ewing Marion Kauffman Foundation
www.kauffman.org © 2016 Ewing Marion Kauffman Foundation
To help individuals attain economic independence
by advancing educational achievement and
entrepreneurial success
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© 2016 Ewing Marion Kauffman Foundation
“Every individual that we can inspire, that we can guide, that we can help to start a new company, is vital to the future of our economic welfare. ”
- Ewing Kauffman
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© 2016 Ewing Marion Kauffman Foundation
“ The more that you expect from people, the more they live up to your expectations.”
- Ewing Kauffman
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© 2016 Ewing Marion Kauffman Foundation
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© 2016 Ewing Marion Kauffman Foundation
Millennial/Boomer
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© 2016 Ewing Marion Kauffman Foundation
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© 2016 Ewing Marion Kauffman Foundation
Boomers in Entrepreneurship
In 2016, the oldest Baby Boomers will turn 70 and the youngest will turn 52
• With life-expectancy rising Boomers should be an important economic force for years to come
• The aging population and other
demographic trends present enormous entrepreneurial opportunities in sectors such as health, medicine, education, construction, finance and transportation
• The Bureau of Labor Statistics finds the
percentage of Americans working past age 65 has jumped from approximately 11 percent in 1985 up now to 19 percent
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© 2016 Ewing Marion Kauffman Foundation
Boomers in Entrepreneurship
The Good News
• Boomers have been an entrepreneurial generation, and they will continue to be
• As they work and live longer, Boomers also will be entrepreneurs for longer periods of time
• The aging of Baby Boomers will create numerous challenges and entrepreneurial opportunities – and Boomers will be the ones who start companies to capitalize on them
• Boomers are the best-positioned people in America to start new companies
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© 2016 Ewing Marion Kauffman Foundation
Boomers in Entrepreneurship
• Many Boomers who became entrepreneurs during the information technology revolution in the 1980s and 1990s are today’s serial entrepreneurs.
• Some data show that these 50 and 60 year-old founders have started
more businesses in the last ten years, while in the meantime, the rate of business creation among twenty to thirty-year-olds has slowed.
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© 2016 Ewing Marion Kauffman Foundation
Kauffman FastTrac ®
Launched by University of Southern California's Entrepreneur Program in 1986. Kauffman Foundation became the major funder 1993 and purchased it in 1997 as a practical way to pursue its mission to accelerate entrepreneurship in the U.S. 350,000+ individuals have participated in FastTrac programs all over the world, delivered by a variety of affiliate organizations
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© 2016 Ewing Marion Kauffman Foundation
FastTrac® NewVenture™
30 hours of instruction
• Entrepreneurs with an idea for a business need a plan and framework to get started. FastTrac NewVenture helps them…
o Develop their business concept o Determine the viability of their ideas o Outline the critical steps to a successful launch
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© 2016 Ewing Marion Kauffman Foundation
Boomers in Entrepreneurship
Brian Kearns, Founder of HipHire Bruce Steinberg, Fine Vines Artisanal Ketchup
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© 2016 Ewing Marion Kauffman Foundation
Boomers in Entrepreneurship
Of Note
• They won’t start as many companies and the companies they do start will have less economic impact
• Common sense indicates that an older population won’t start companies at a very fast pace
• Boomers can’t afford to start new companies
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© 2016 Ewing Marion Kauffman Foundation
• Foster more, and more successful, entrepreneurs by creating useful knowledge for entrepreneurs.
• Enhance the environment for entrepreneurship and innovation in your communities.
Final Thoughts
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© 2016 Ewing Marion Kauffman Foundation
Kauffman FastTrac
Michele Markey Vice President, Kauffman FastTrac
[email protected] @Sheventure