Baby Boomers and Millennials are two generations that are over-represented in the ranks of entrepreneurs. The Boomers in Canada seem to be no exception to this phenomena. From an IPSOS poll of Canadian boomers:
[S]ome Boomer entrepreneurs intend to operate their business until they die (15%). Further, one in five (21%) intend on running their business for more than ten years into their so-called retirement, while four in ten (38%) intend to do so for somewhere between six and ten years. Just 16% say that they will engage in this activity for less than five years.
And what drives these graying Canadian?
...Boomers are wishing to stay active in their retirement years, with four in ten (40%) indicating that the need to keep occupied was the reason why they intended to or have started their own business. Other reasons include fulfilling a life-long dream (29%), needing the money (26%), or just a general inclination between themselves and their partners to start their own business.
Nice to see my fellow boomers to the North are jumping on the entrepreneurial bank wagon, ey?
(Thanks to Ben Cunningham for passing this poll along).
