Boomers are
changing retirement from our parents'
version - lounging and early-bird specials - to our own brand: starting our
"second act," taking up something we love to do but didn't have time to pursue
during our career.
For some of us,
it's starting our own business.
If that's something
you're considering, or you know someone who is, read
on.
Launching a
business in midlife can be both rewarding and profitable, but too many
first-time entrepreneurs make big mistakes in the process, which is why 80% of
new companies fail in the first three years.
Here are the 5
most common mistakes we make, and how to avoid them, from Boomer Second Act
Coach and author Kathleen Rich-New who has spent extensive time
studying successful & unsuccessful new mid-life
businesses: