In Life’s Second Act, Some Take on a New Role: Entrepreneur
New York Times - September 28 2006
Call them silver entrepreneurs or senior entrepreneurs or third-age entrepreneurs. They are people who do not want — or are not financially able — to idle away their retirement years and, instead, opt to start a business.[...]Ms. Grazioli, 59, plotted her transition carefully. When she resigned as nursing administrator at the Henry Ford Kingswood Hospital in Ferndale, Mich., in February 2005, she took the hospital system’s career transition training, including two workshops on entrepreneurship.
“I had been knitting since I was 9, and I always had a dream to work with fibers,” she said. Just then, a knitting store that she and her daughter, Amy Goller, 36, frequented in Royal Oak, Mich., went up for sale. They met with a financial adviser to devise a plan, but decided the purchase price was too high.
But her appetite was whetted. “I could have gone back to the field where I felt comfortable, but I believe you need to take a risk,” Ms. Grazioli said. [more]