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FastTrac for the Boomer Entrepreneur


Baby Boomers have experience, expertise, and financial stability like no other generation. These characteristics inspired Kauffman FastTrac to create entrepreneurial courses for those aged 50+. FastTrac  for the Boomer Entrepreneur is tailored to help Baby Boomers start up their businesses. The curricula will assist Baby Boomer entrepreneurs in honing their unique strengths and using them in their business practices to see success.

This course is designed to uniquely help Baby Boomers:
• Use their years of experience to develop a robust business plan.
• Tap into their expertise to build a solid business foundation.
• Draw on their financial portfolio to intelligently launch a business.

Baby boomers residing in New York City, Southern California and South Florida may soon find it easier to pursue their dreams of entrepreneurship thanks to a new sponsorship agreement between Kauffman FastTrac and AARP. In an outreach to its membership, AARP has agreed to underwrite the bulk of expenses for 60 aspiring entrepreneurs age 50+ to enroll in a Kauffman FastTrac course.

Three pilot courses of FastTrac NewVenture™ for the Boomer Entrepreneur will be offered in early 2013 by Kauffman FastTrac affiliates. Up to 20 qualified applicants will be accepted per course, and AARP scholarship funds will cover $500 of each participant’s course fees.

The three Kauffman FastTrac affiliates selected to participate in the baby boomer pilot are ProperoHCA, New York City; Tech Coast Venture Network, Irvine, Calif.; and the Miami Innovation Center for Entrepreneurship, Inc., Miami. ProperoHCA has scheduled its weekly course for April 3-June 5 (see link below for additional information and to register). Tech Coast Venture Network plans to offer its Boomer course this summer. The Miami course, which will be taught in Spanish in an outreach to the region’s large Hispanic population, also is slated for a summer start.

“We look forward to partnering with Kauffman FastTrac to better serve our members interested in expanding their entrepreneurship business skills,” said Jody Holtzman, AARP’s senior vice president of thought leadership. “Through this coursework, they will acquire new insights and tools, explore available resources, and expand their networking opportunities to start and grow successful businesses.”

Content specific to baby boomers was recently added to the Kauffman FastTrac curriculum in recognition of changing U.S. demographics and research that finds a higher rate of entrepreneurial activity among Americans aged 55 to 64 than much younger age groups in recent years. The initial 10-week baby boomer class was held in fall 2012 in Kansas City.

“We believe there is pent-up demand for entrepreneurship education among more mature audiences,” said Kauffman FastTrac Vice President Michele Markey. “Whether they’re pursuing a lifelong passion, shoring up their retirement accounts, or utilizing skills and experience in a new way, boomer entrepreneurs make big contributions to our economy by creating new businesses and, in turn, new jobs.”

Registration is open for the following FastTrac NewVenture for the Boomer Entrepreneur course:

Check out the following Kauffman FastTrac information on Boomers:

 Baby Boomer entrepreneurship on “The Lou Hutt Show” featuring Michele Markey
May 10, 2014 (Part 1)

 Baby Boomer entrepreneurship on “The Lou Hutt Show” featuring Michele Markey
May 10, 2014 (Part 2)

“Boomer Entrepreneurs: Living Longer, Starting Up Their Ideas” by Alana Muller
Huffington Post January 28, 2013

“Baby Boomer Entrepreneur” by Bertha Coombes (features Michele Markey)
CNBC.com October 23, 2012

“The Boomer Entrepreneur: Never Too Old to Launch a Business” by Alana Muller
CNBC.com October 23, 2012