Reinventing Retirement - Entrepreneurship in a Graying World

Oct. 20, 2010 - PRLog -- The United States Census Bureau considers a baby boomer to be someone born during the demographic birth boom between 1946 and 1964." That's about seventy-six million people or close to 25 percent of the population. Over 4 million will be retiring every year until 2030

The extensive knowledge and experience that baby boomers have accumulated throughout their working lives could make them the ideal entrepreneurs. Increasingly, older workers who are unable to find new jobs or are looking for increased workplace flexibility are going to work for themselves.

Given that starting a business is difficult at any age. Baby boomer entrepreneurs planning to retire soon need to be particularly careful that they don't gamble and lose their life savings.

Seventy percent of small business owners use their own savings as the main source of funding for their first business, according to a 2009 Kauffman Foundation survey 549 company founders in high-growth industries including computing, electronics, and health care. Less common sources of funding for first startups include bank loans (16%), friends and family (13%), venture capital (11%), and angel financing (9%).

The International Franchise Association suggests that franchisees enjoy a competitive edge over the stand-alone business operators. They noted a study showing that 86% of franchise companies which opened in the previous five years were still in business under the same owner and only 3% of these businesses failed.
 
“There is always risk when you start your own business but as a franchisee the chances of success are much greater” says ACFN (American Consumer Financial Network) President and Founder Jeff Kerr.  “We offer people control over their financial future. A compelling proposition for many people in these uncertain times.”

ACFN ATM Franchise Business is headquartered in San Jose, California, where the company was ranked as the 43rd Fastest Growing Private Company in Silicon Valley for 2007 – 2009  by the Business Journal.

“If you're new to franchising, you need to think like both an investor and an entrepreneur and thoroughly vet any opportunity before buying a franchise’’ says Avi Blankroth, Executive President of ACFN.

ACFN is included in the top 300 franchise opportunities for 2010 by AllStar AllBusiness. The honors include top ranking in three categories: growth, financial strength and general listing.

A new report from the Sloan Center on Aging and Work at Boston College and Families and Work Institute found that 75 percent of workers aged 50 and older expect to have retirement jobs in the future.

"Almost 25% of retired workers are business owners, who also create jobs" says Blankroth,
"making a valuable contributing to the economy".

About ACFN

http://www.youtube.com/watch?v=y2DuNabUgNA



Find out how you can benefit from ACFN to help deliver return on investment, positive cash flow and improved revenue.

More information is available at:

http://www.acfnfranchised.com/

American Consumer Financial Network (ACFN)
111 W. St. John St
Sixth Floor
San Jose, CA 95113

Tel: 888-794-2236

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ACFN is North Americas only ATM franchise focused on providing ATM services to hotels and other travel and entertainment based businesses. Providing ATM services since 1996, franchised in 2003 with 165 franchises, 1350 ATM Machines in the US and Canada.