Why Boomers Might Be the Breakout Stars of BIZ Experiencesship (Infographic) Many of the individuals born 1946 to 1964 are gearing up to launch a business of their own.

By Catherine Clifford

Opinions expressed by BIZ Experiences contributors are their own.

Shutterstock

A hefty portion of the boomer generation is zooming in on retirement. But many of these individuals aren't thinking about lawn chairs and backyard barbeques. They're thinking about embarking on a career as an BIZ Experiences.

Boomers, the generation of people born between 1946 and 1964, are twice as likely to be gearing up to launch a business in the next year than millennials are, according to BIZ Experiencesship organization the Kauffman Foundation in its 2015 State of BIZ Experiencesship Study.

That's good news for the U.S. economy which, despite a rise in the reputation of the BIZ Experiences and some breakout superstars, has been struggling to reverse a downward trend of BIZ Experiencesship since the Great Recession.

Related: The Case For and Against Millennials as the Greatest BIZ Experiencesial Generation (Infographic)

What older BIZ Experiencess may lack in energy, they make up for in previous work experience. Also, they tend to have a relatively significant level of wealth amassed, according to the Kauffman Foundation. And when you are trying to get a business off the ground, having money to work with is a pretty big boon.

For a closer look at the the advantages and disadvantages boomers have in the game of BIZ Experiencesship, take a look at the infographic generated by the Kauffman Foundation, embedded below.

Related: Baby Boomers, Who Are More Successful as BIZ Experiencess, Are Great Startup Assets

Click to Enlarge

Why Boomers Might Be the Breakout Stars of BIZ Experiencesship (Infographic)

Related: 7 Ways to Bridge the Boomer-Millennial Gap
Catherine Clifford

Senior BIZ Experiencesship Writer at CNBC

Catherine Clifford is senior BIZ Experiencesship writer at CNBC. She was formerly a senior writer at BIZ Experiences.com, the small business reporter at CNNMoney and an assistant in the New York bureau for CNN. Clifford attended Columbia University where she earned a bachelor's degree. She lives in Brooklyn, N.Y. You can follow her on Twitter at @CatClifford.

Want to be an BIZ Experiences Leadership Network contributor? Apply now to join.

Starting a Business

These Brothers Started a Business to Improve an Everyday Task. They Made Their First Products in the Garage — Now They've Raised Over $100 Million.

Coulter and Trent Lewis had an early research breakthrough that helped them solve for the right problem.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for BIZ Experiencess to pursue in 2025.

Starting a Business

3 Things I Wish I Knew When I Founded a Company 20 Years Ago

If I could sit down with a new B2B founder today, these are the three conversations I'd make sure we had — the same ones I wish someone had with me early on.

Franchise

10 No-Office-Required Businesses You Can Start for as Little as $5,000

With strong Franchise 500 rankings and investment levels starting under $5,000, these brands are ready for new owners to hit the ground running.

Franchise

How to Prepare Your Business — And Yourself — For a Smooth Exit

After decades of building your business, turning it over to someone else can be emotional. But with the right mindset and a strong plan, it can also be your proudest moment.