Trend Report: Boomer Entrepreneurship

Apr 19, 2010Download as PPT, PDF0 likes359 views

Pat Deering, owner of FranNet of Greater Tampa Bay presented on "Why Boomers Are Turning to Franchising" for Trend Report 4 on Boomer Entrepreneurship.

Trend 4 Why Boomers are turning to franchising

An AARP study estimates that 1/3 of workers age 50 and older will eventually go into business for themselves.

Many businesses thrive in all economic conditions Growing markets driven by demographics Ex: Senior Care, Residential Repairs & Cleaning Essential services Ex: Hair Care, Automotive, Damage Restoration Business that help other small businesses thrive Business Coaching, Sales Training, Expense Analysis

Not Just Fast Food FACT : Over 3,100 different franchise companies In more than 80 industries With over 900,000 operating units

Not That Expensive Franchise Times Magazine Survey, Franchising is All Right, Thank You Total Investment Percent Under $100k 52.5% $100 to $250k 32.7% $250 to $500k 9.2% Over $500k 5.6%

The document outlines opportunities in the growing $15 trillion healthcare market for companies to improve sales and margins. It discusses the fragmented and diverse nature of the market, with many stakeholders including GPOs, IDNs, hospitals, physicians, manufacturers, distributors, and ASCs. The strategy proposed is for companies to work with RPI to connect with these stakeholders, facilitate relationships, and implement customized programs to benchmark success and improve revenue and margins by leveraging RPI's knowledge of the industry relationships.

Small Businesses As EmployersBoston College Career Center

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Small businesses will likely be the main source of new job growth in the post-recession economy as large companies reduce employment and consumer spending remains weak. Small firms employ around half of the US workforce and created the majority of net new jobs in the past decade. While small businesses face challenges finding qualified workers and affording health insurance, they can offer diverse experiences and training opportunities to employees. Outreach programs aim to connect small businesses with potential workers and resources to support their growth.

CHAPTER 4 AnalysisCyprian Ekor

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The document discusses findings from a study of 6 insurance brokerage firms in Accra, Ghana. It provides background on the respondents, who were mainly male, aged 36-46, and holders of first degrees. It then examines how the brokerage firms conduct their general and life insurance businesses. Key findings include that the firms started small through referrals and churches, offer products like fire and motor insurance, and also got into life insurance because general business was not profitable. The document also discusses the firms' client numbers, commission structures, sales and recruitment methods, and challenges in attracting representatives. It finds the firms provide various training programs annually to improve representative performance.

How world's companies act on corporate social responsibilityGrant Thornton LLP

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Business as usual doesn’t cut it anymore for many companies around the world. They are becoming environmentally and socially responsible citizens, and demand the same from their vendors. Data from the Grant Thornton International Business Report reveals what’s driving this change and how it’s playing out across the globe. Based on more than 2,500 interviews with business leaders, this infographic shows how the U.S. and 33 other countries stack up in their race for claiming responsible corporate citizenship. See more at: http://gt-us.co/ZLFN4u

The Future of Business Citizenship: A Roadmap to Connecting Business Needs an...International Communications Consultancy Organisation (ICCO)

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The document discusses a survey of 8,000 millennials in 17 countries about their views on business citizenship. Some of the key findings from the survey include: 1. 73% of millennials have given up on government and expect businesses to help address social and environmental issues. 2. 83% expect businesses to help but not do it alone, with 69% believing businesses should work with others including non-profits. 3. Millennials are willing to reward good business citizens with their loyalty (71%) and recommendations (78%), seeing them as leaders, employers of choice, genuine, and trustworthy. 4. However, 79% feel businesses are not meeting their expectations for citizenship.

Do women business owners have it all? The Business Journals

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Seniors Choice Group RetireeMark Lane

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This document provides information about Seniors Choice Group Retiree Medical, a Medicare supplement plan for retirees and employees aged 65 and over. It offers comprehensive benefits like multiple deductible options, no medical underwriting, access to any Medicare provider, and creditable Part D prescription drug coverage. Seniors Choice can be purchased by employer groups of any size down to just one life. It aims to control rising healthcare costs for employers by carving out seniors onto this separate plan.

A Powerful Group of Small and Mid-Size Business OwnersThe Business Journals

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In our research, we uncovered a powerful group among small and mid-size business owners. These influential people see it as their mission to speak out for the good of their communities. They want to make a difference and make things better. If you want to get your message out, these are the people you need to know. Learn about this group and how you can reach them better in this whitepaper on Influential SMBs: The Mouthpiece of the SMB Market.

April2015-MBAcademyKeyNoteDavid Luigi FUSCHI Ph.D.

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This document discusses sustainability, social entrepreneurship, and the role of leadership in driving innovation through sustainability. It defines key terms like sustainability and social entrepreneurship. It argues that adopting sustainable practices can help drive innovation in areas like product design, business models, and platforms. Leading this transformation requires visionary leadership that can champion the cause and gain buy-in across the organization. Traits of effective leaders include emotional stability, dominance, and the ability to inspire others. The document provides the example of the Smart Village Living Lab in India as an initiative applying these principles.

Social Entrepreneurship Guatemalavalesatab

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This document analyzes the entrepreneurial market in Guatemala to identify business design opportunities in social entrepreneurship. It finds that while Guatemala has high levels of entrepreneurial activity, many new businesses fail because entrepreneurs do not fully understand or solve people's problems. It identifies a need for consulting services that help social entrepreneurs create profitable businesses through solving social issues. The proposed business design would provide personalized consulting to co-create social ventures with multi-disciplinary teams. This would help generate impact investments and businesses while helping entrepreneurs succeed financially and address Guatemala's social challenges.

EntrepreneurshipDeepak Pati

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The document discusses the role of entrepreneurship in India's economic development. It defines entrepreneurship as the process of establishing and developing a new enterprise by converting an idea into implementation. Entrepreneurship and entrepreneurs are crucial for economic development as they help create new businesses and jobs. The Indian government supports entrepreneurship through various programs and institutions that aim to generate new sources of income, help earn foreign exchange, and create a suitable environment for industrial and business growth, thereby contributing to national economic development.

Management education in india and entrepreneurship developmentkgnmatin

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The document discusses entrepreneurship education in India and the role of MBAs. It defines entrepreneurship and outlines the key skills an MBA provides, including leadership, business fundamentals, networking and a culture of risk-taking. However, it notes some challenges in India like a lack of expert faculty and student interest. Overall, while entrepreneurship can't be taught, an MBA can help nurture entrepreneurial skills and raise one's abilities if the program is applied correctly.

Techno Entrepreneurship Asanka Abeykoon

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Challenges faced by first generation entrepreneur mamcet robert placement...Arise Roby

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14668033 project-report-on-entrepreneurship-in-indiakashyappanchal

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India has a large young population and growing middle class, representing significant opportunities for entrepreneurship. With over 400 million people under age 35 and domestic consumption doubling in many sectors, India offers both a huge domestic market as well as access to the global market. Entrepreneurship will be key to capitalizing on these opportunities, generating employment, and driving economic growth. There are already many government and private programs in place to support entrepreneurship development through training, funding, and education.

EDP in indiaShahbaz Abdullah

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This document discusses entrepreneurship development programmes (EDPs) in India. It outlines the importance of training for entrepreneurs and various training methods used in EDPs. EDPs are designed to encourage self-employment by providing training and motivation to potential and existing entrepreneurs. The phases of a typical EDP include selecting areas for focus, conducting feasibility studies, identifying and training entrepreneurs, and providing follow-up support. Several government organizations provide EDPs in India, including the Entrepreneurship Development Institute of India, National Institute for Entrepreneurship and Small Business Development, Small Industries Service Institutes, and the National Small Industries Corporation.

Entrepreneurship and project managementchumantrakali

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The document discusses the roles of various financial institutions in promoting entrepreneurship in India. It describes the National Institute for Entrepreneurship and Small Business Development (NIESBUD) which aims to support entrepreneurship through training programs and materials. It also outlines the roles of the Small Industries Service Institute (SISI) and District Industries Centre (DIC) in providing technical support, information and incentives to entrepreneurs.

Entrepreneurship developmentbalajisetty

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The document discusses entrepreneurship and the entrepreneurial process. It defines entrepreneurship as taking risks to create new value through time and effort. The key functions of entrepreneurs are innovation, risk taking, and organizing new businesses. The stages of the entrepreneurial process include opportunity analysis, planning, acquiring funding, implementing plans, and growing the business. A business plan is also essential, outlining the industry, product/services, marketing, finances, and risks of the new venture.

Entrepreneurship powerpoint slideMahlatsi Lerato

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This powerpoint presentation defines entrepreneurship and discusses its history and modern applications. It begins by defining an entrepreneur as someone who organizes and manages a business while taking on financial risk. It notes that agricultural students have been involved in entrepreneurship since the early 20th century through programs like raising livestock and growing crops. Today, agricultural entrepreneurship can involve many diverse activities beyond farming like custom harvesting or operating a small engine repair service. The presentation concludes by discussing characteristics of successful entrepreneurs and different types like social and lifestyle entrepreneurs.

Powerful Partnerships: Leveraging Niche Media and Alliances to Build Your Bra...Florida Boomer Lifestyle Conference

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Going Social, Going Mobile: Integrating Social Media and Mobile Apps into Yo...Florida Boomer Lifestyle Conference

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Pre-Conference Workshop - The Gig WorldFlorida Boomer Lifestyle Conference

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This document discusses various aspects of freelancing and consulting as a solo practitioner. It outlines different crowdsourcing platforms that individuals can use to find work such as design tasks, transcription, data entry, and content monitoring. It also notes that 39% of self-employed workers are completely satisfied compared to 28% of salaried workers. Additionally, it discusses co-working spaces that provide temporary offices and services targeted towards freelancers and solopreneurs, as well as strategies for building networks, finding clients, and managing the financial requirements of independent work.

(Re) Introducing Florida Boomers: A Fresh and Surprising Look at the Consumer...Florida Boomer Lifestyle Conference

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Transformation in Progress: A Report from the Trenches - Mark MillerFlorida Boomer Lifestyle Conference

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Transformation in Progress: A Report from the Trenches - Roger ChiocchiFlorida Boomer Lifestyle Conference

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Trend Report: Emerging TechnologiesFlorida Boomer Lifestyle Conference

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Trend Report: Boomer Entrepreneurship

1. Trend 4 Why Boomers are turning to franchising

2. An AARP study estimates that 1/3 of workers age 50 and older will eventually go into business for themselves.

3. Many businesses thrive in all economic conditions Growing markets driven by demographics Ex: Senior Care, Residential Repairs & Cleaning Essential services Ex: Hair Care, Automotive, Damage Restoration Business that help other small businesses thrive Business Coaching, Sales Training, Expense Analysis

4. Not Just Fast Food FACT : Over 3,100 different franchise companies In more than 80 industries With over 900,000 operating units

5. Not That Expensive Franchise Times Magazine Survey, Franchising is All Right, Thank You Total Investment Percent Under $100k 52.5% $100 to $250k 32.7% $250 to $500k 9.2% Over $500k 5.6%

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Trend Report: Boomer Entrepreneurship

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