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A Boomer's Guide to an Entrepreneurial Retirement

U.S. News and World Reports, 1/30/07

Abstract:

Al Brown had decided that by age 50 he was going to be his own boss. After working for 20 years in supply chain management, spending up to 80 percent of his time traveling around the world, Brown, who lives in Naperville, Ill., wanted a way to support his family while also being able to spend time with his son, 8, and daughter, 4...

...In September, Brown, 49, launched SupplyMex, a consulting company that partners clients with suppliers in Mexico.

Brown is part of the growing trend of baby boomers who have left the corporate world for self-employment. The Kauffman Foundation, a group that promotes entrepreneurship, reports that older individuals were increasingly engaged in new business start-ups, and according to data from the Small Business Administration, the fastest-growing group of entrepreneurs consists of owners over age 45.

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