Career

SBA launches website to assist boomer entrepreneurs

Posted on 08 October 2008

By Mark Miller

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The U.S. Small Business Administration (SBA) recently launched a new website specifically targeted for boomers interested in becoming entrepreneurs. 50+Entrepreneur isn’t an overwhelmingly rich site from a content standpoint, but it does include useful information on how to tap the SBA for advice and small business loans. It’s also interesting that SBA is recognizing the enormous need for education and assistance as boomers transition into second careers. Here’s what the agency had to say about it in a press release:

“The SBA is working hard to increase opportunities for small businesses of the baby boomer generation at every stage of their business development through better technology tools and effective services through the agency’s district offices and resource partners,” SBA Acting Administrator Sandy K. Baruah said. “We believe 50-plus entrepreneurs will drive significant new businessgrowth in the coming years.”

Components of the new Web site include a self-assessment feature to help the aspiring entrepreneur determine his or her business readiness, information on borrowing and credit, and inspirational success stories from baby boomer entrepreneurs. The Web site will help users evaluate the reasons for business ownership after age 50, the risks involved, and how to devise a plan of action at every phase of business development.

This is the first new offering under the structure of the re-launched Office of Entrepreneurship Education (OEE). OEE combines SBA’s online education programs, business and community initiatives, and outreach to underserved markets under a single umbrella.

The full press release is here.

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