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Self-employment is rising

Douglas Kersten
By Douglas Kersten
Monday, June 6 2005

It has been a part of discussions that I have had with friends that older Americans are going to find it harder and harder to thrive working for someone else. Because of downsizing, outsourcing and a general attitude by American businesses that older, more experienced workers are not worth what they are being paid there is increasing pressure on older American workers (by older I mean starting at the relatively young age of 40) to accept a lower standard of living. My argument is that anyone approaching forty should be looking to start their own business or accept the fact that their job satisfaction and lifestyle may not end up being what they expect. In fact, they may not be able to get a job in their chosen field and have to settle for less. The new self-employment statistics seem to play this idea out. It is my feeling that most self-employeed older Americans have been led unwillingly or not been in a postion to have planned the transition. So I will do to you what I have done with my friends. I will ask you to look around at what is happening to you and your friends and if you see the trend that I do then I suggest that you seriously start planning a transition to successful business ownership. A planned transition is always much easier then one thrust upon you. - Doug Kersten Self-employment is rising "Demographics and economic factors are driving a surge in self-employment, creating optimism that the overall economy will continue to grow in 2005. For the first time in 10 years, self-employment rates are on the rise across the country, according to a recent study sponsored by the U.S. Small Business Administration (SBA). The report indicates that tech start-ups, minorities, women and baby boomers are driving the surge. The great news is that self-employment opportunities are opening up to a more diverse population than ever before," said Stephen Flynn, a Hopkinton-based consultant with the Entrepreneur's Source; the industry's premier provider of self-employment education and information."

Latest Comments

I can't agree with you more, we are seeing more and more people buying businesses from Corporate America than ever before! The trends are there more baby boomers are buying businesses and more are selling them and retiring. You can see the trends of business sales in California at: http://www.bizben.com/stats.php ...

Comment By: Peter Siegel  |  6/6/05 at 12:00 PM Self-employment is rising

Great Stats! It further validates my thought processes. DOug ...

Comment By: Doug  |  6/7/05 at 12:00 AM Self-employment is rising

As someone who is active in financing smaller businesses, the one thing many "corporate castaways and castoffs" have trouble wrapping their heads around is financing. This is not just a matter of having a lot of money in your savings account or going to the bank and getting a loan. When someone is looking at starting a business, they should investigate the ease with which they can finance its growth, as some businesses are much easier than others ...

Comment By: Josh Kerbel  |  6/7/05 at 12:00 AM Self-employment is rising

We offer self employed lowest rates on printing.. anyway. Best to be self employed as countless numbers of people will testify, you work longer hours, but the rewards are high and tremendous job satisfaction ...

Comment By: Mike  |  6/7/05 at 12:00 PM Self-employment is rising

Yes, there is a "silver ceiling" as employers try to hire younger people they can pay less. But those same companies still value the experience and skills older employees have -- and often prefer to hire them "a la carte" on contract for specific projects. Which is a big opportunity for older workers if you have set yourself up as an independent consultant or freelancer. Barnaby Kalan (www.outsourcing-yourself.com) ...

Comment By: Barnaby Kalan  |  6/8/05 at 12:00 AM Self-employment is rising

In my business (a small, community publication) we sell advertising to local businesses. I have seen an incredible number of new businesses start in the past several years. So, I agree with your conclusion. On a side note, I've often thought the unemployment rates our government uses are terribly inaccurate because they do not account for these new businesses. These numbers often get used to show how poorly our economy is doing yet they ignore this structural change. Maybe it's time these statistics are revised so they are a more realistic reflection of our true economy.

Comment By: Kevin Stirtz  |  6/13/05 at 12:00 PM Self-employment is rising

Hihihi, isn't that topic funny? Since my early days in 1980 I am dreaming of some big business. Until now I fail. The only reason why I am still trying to success is my regular income as civil servant. Now I am 52 and still standing. There is nearly no illusion of becoming rich that I haven't lost. Guys, go ahead! The next small business is calling! The cost is implemented! Hihihi ....

Comment By: Hans Kolpak  |  6/25/05 at 12:00 PM Self-employment is rising

Peter Siegel is right on target with that post. In addition, I would like to add the fact that the 'Baby Boomers' are also a targeted customer. Not only are they in the age group to sell their business but they also make great customers since they are steady and reliable. Entire business ventures have been created to cater to the 'Baby Boomers'.

Comment By: James Kelly  |  6/27/05 at 12:00 PM Self-employment is rising

Sometimes you get ideas and, after talking with your friends and family, feel that you are the only one thinking them. It is good to see that this is not the case here. It drives me to be even more focused.

Comment By: Doug  |  6/28/05 at 12:00 AM Self-employment is rising

I agree with Mr. Kersten's post completely. I own and operate a business dedicated to the centrality of self-employment. We have two MLM offerings, Amsoil and Xango. I also consult, speak, and facilitate business meetings to promote self-employment. The growth of self-employment is simply a return to historical normalcy of 80%+ self-employment. Only during the Industrial Revolution did a majority of people work for others. But know that is over in North America. I call myself "The Great Emancipator Of the 21st Century," setting people free from the last legalized form of slavery, which is employment ...

Comment By: John J. Alquist  |  6/30/05 at 12:00 AM Self-employment is rising

I can't agree more. Like it or not, if you are over age 40 and you are not in a stable job, self-employment or some type of alternate arrangement such as consulting, freelancing, etc. are necessary options to consider. Unfortunately our social structure has yet to catch up. Unemployed people are still counseled to "look for jobs." Our tax structure penalizes self-employed people with the double-FICA tax. Health insurance options, lousy at best, are worse for self-employed people who are generally pushed into the less favorable individual market.

Comment By: Ellen Zucker  |  8/10/05 at 12:00 AM Self-employment is rising

This blog posting was of great use in learning new information and also in exchanging our views. Thank you. Mary Anne Martin http://www.selfemployedclub.com ...

Comment By: Mary Anne Martin  |  5/5/06 at 12:00 AM Self-employment is rising

I agree with you. Check out this introduction article on Self employment: http://www.articleworld.org/Self-employment Content: 1.Meaning 2.Disadvantages 3.Advantages 4.Tax implications ...

Comment By: articleworld  |  5/22/06 at 12:00 PM Self-employment is rising
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