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It’s a daunting task to try and start a new business after age 50; but that didn’t deter Cassie Wilson.

“(The alliance) was a perfect niche for me in terms of starting my own business and having the perspective that isn’t just, ‘You’re young!’ It’s more like, ‘You’re retiring, you’re changing your life, you’re looking for a niche,” she said.

The AARP and the Small Business Administration are teaming up to help older adults start their own business by providing tools, education and support to make a career transition.

Wilson is a homemaker, but she’s working on starting her consignment shop full-time.

Victoria Reynolds is the Deputy District Director for the Small Business Administration. She says studies show that one-in-four people aged 44 to 70 are interesting in starting their own business and 63 percent of people think they have to keep working after they retire. This alliance has been arranged to provide answers and resources.

“Necessity coupled with inspiration always creates opportunity for entrepreneurship,” Reynolds said. 

The AARP’s Bill Armbruster explains why entrepreneurship is an appealing option for older adults.

“It is folks who graduated from high school or didn’t graduate from high school who just went into a career and just worked some place and may be retiring early who said, ‘I always wanted to.’ There are a lot of folks who have been downsized from their job or are now looking for job options that don’t pay nearly what they had made, nor the benefits, who want to be in control," he said. "One way to do that is to be your own boss."

 For more information visit the websites for the AARP or the Small Business Administration.

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