Experience versus youth: An exploratory study of the motivations of older entrepreneurs

Abstract

The decision of someone over the age of 50 to switch from traditional employment to being an entrepreneur was found to arise from a complex mix of personal motivation, access to resources, and environmental determinants. When beginning their careers, people over 50 who became entrepreneurs only ever considered traditional employment with corporate companies and did not consider or even believe that entrepreneurship was a viable option. Advances in technology have been a significant enabler for their ability to have their businesses due to lowering the barriers to entry. Attitudes to work have changed twofold: entrepreneurship is now a viable career choice, and the traditional job for life no longer exists.

When Work Doesn’t Work: An Alternative Framework to Examine Cognitive Factors in Employment-Entrepreneurship Transitions

“…As the results of our review (see Table 1) illustrate, while the PPM can provide insights on factors (e.g., urge for independence, economic necessity, organizational culture) that lead individuals to transition from wage employment to entrepreneurship, dichotomizing these factors into “push” and “pull” oversimplifies complex decision-making processes and limits theoretical advancement. For example, Gray and Smith (2020) identified several personal and institutional factors influencing older individuals to enter entrepreneurship. However, because the PPM requires that factors belong to only one category (i.e., either push or pull), the study did not examine how these factors interact with each other in driving entrepreneurship entry decisions.…”

A Systematic Literature Review on Entrepreneurial Intention: PRISMA method

“…It may be applied to older entrepreneurs or retirees who intend to start a new business. This is still an under-researched area (Gray & Smith 2020;Grosu & Drăgușin 2020;Ratten 2018) characterized by a scarcity of empirical data (Pilkova et al 2012). Researchers may propose qualitative research to discover other independent factors related to Entrepreneurial Intention through case studies and exploratory research.…”

Emprendimiento sénior: revisión semissistemática de la literatura y agenda de investigación futura

“…Si bien el emprendimiento sénior puede ser útil para algunas personas como un modelo de jubilación alternativo o complementario, no se puede garantizar su efectividad ya que las enfermedades relacionadas con la edad pueden limitar la capacidad de las personas para trabajar indenidamente (Wainwright & Kibler, 2014). Pero los emprendedores séniores convirtieron sus debilidades en fortalezas, utilizaron su experiencia de vida y argumentaron que las habilidades adquiridas durante su vida pueden transferirse a otras actividades u otros sectores (Gray & Smith, 2020;Hennekam, 2015). Por lo tanto, la identicación de antecedentes especícos de edad y factores personales inuye en el desarrollo de la autoecacia y sirve como motor para el ES (Caines et al, 2019;Kautonen et al, 2011).…”