Category Archives for Encore Career

Purpose and a Paycheck with Chris Farrell

Purpose and a Paycheck is the title of Chris Farrell’s latest book (published earlier this year by HarperCollins Leadership). The book focuses on entrepreneurship, innovation and work in the second half of life. Growing numbers of experienced adults are starting their own business and working well into the traditional retirement years. An impressive body of scholarly research strongly suggests that given the opportunity, people in the second half of life can be as creative, innovative, and entrepreneurial as their younger peers, if not more so.

Tapping into the talents of experienced workers and breaking down the barriers of age discrimination holds the promise of boosting the economy’s dynamism and household incomes.

In this program, you’ll discover:

  • The impact on the economy if more people continue working rather than retire
  • Why more people are working well into the traditional retirement years
  • The kind of jobs people are getting in their 60s and 70s
  • How to find a job in the second half of life

All the details of our upcoming call are below:

Date: Tuesday, July 23, 2019
Time: 12:00 noon Eastern (9:00 am Pacific, 10 AM Mountain, 11 am Central, and 6 AM Hawaiian)
Topic: Purpose and a Paycheck
Speaker: Chris Farrell, author, senior economics contributor for Marketplace and columnist for PBS Next Avenue and Star Tribune

About Chris Farrell

Chris Farrell is senior economics contributor at Marketplace, American Public Media’s nationally syndicated public radio business and economic programs. He is economics commentator for Minnesota Public Radio and host of its series, Conversations on the Creative Economy. An award-winning journalist, Chris is a columnist for Next Avenue and the Star Tribune. He has written for Bloomberg Businessweek, New York Times, Kiplinger’s and other publications. His most recent book is Purpose and a Paycheck (HarperCollins Leadership).

Never Too Old To Get Rich with Kerry Hannon

Studies have shown that the highest success rates in entrepreneurship come from founders in middle age and beyond. It’s a global movement. Says Paul Irving, chairman of the Milken Institute’s Center for the Future of Aging: “We are just beginning to see the economic power of older adults– and the wisdom and experience that they bring to the workforce as entrepreneurs.”

Kerry Hannon provides action steps, insights, and resources from her new book, Never Too Old to Get Rich: Starting a Business at Mid-Life. She will discuss the rewards and challenges for those starting businesses from their passion and hobbies to senior-junior partnerships to start-ups by social entrepreneurs and women-led ventures.

In this program, you’ll discover:

  • What factors motivate someone to start a business mid-life
  • How someone prepares to launch his or her own business
  • Risks of starting a business in retirement
  • Joys of being an older entrepreneur
  • 8 tips on how to become a successful entrepreneur in midlife

All the details of our upcoming call are below:

Date: Tuesday, June 25, 2019
Time: 12:00 noon Eastern (9:00 am Pacific, 10 AM Mountain, 11 am Central, and 6 AM Hawaiian)
Topic:  Never Too Old To Get Rich
Speaker:  Kerry Hannon, nationally recognized expert and strategist on career transitions, personal finances, and retirement

About Kerry Hannon

Kerry Hannon is a leading authority and strategist on career transitions, entrepreneurship, personal finance, and retirement. She is a frequent TV and radio commentator and is a sought-after keynote speaker at conferences. Kerry is the best-selling and award-winning author of 13 books, including her latest book, Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life.

She has spent three decades covering all aspects of careers, business, and personal finance as a columnist, editor, and writer for the nation’s leading media companies. She is currently a columnist and regular contributor to The New York Times, AARP’s Work and Jobs Expert and Great Jobs columnist, contributing editor and Second Verse columnist at Forbes, and the PBS website expert and columnist on entrepreneurship, personal finance, wealth management and careers for boomer women.

Kerry is a National Press Foundation Fellow, a Fellow of the Columbia Journalism School and the Robert N. Butler Columbia Aging Center’s Age Boom Academy. She is a former Metlife Foundation and New America Media Fellow on Aging. She has testified before Congress about the importance of older workers.

Kerry received a bachelor’s degree from Duke University, where she is currently a member of an editorial board. Kerry lives in Washington, D.C., with her husband, documentary producer and editor Cliff Hackel, and her Labrador Retriever, Zena.

For the replay of this call, click here.

What’s next in your work life?

Encore-Career-HandbookPope Benedict resigned in February citing his failing health and energy. Just recently Mayor Tom Menino in Boston decided not to run for re-election after serving 20 years as Mayor, knowing he could run again and probably win. His failing health meant he wouldn’t be able to perform the duties in the way he valued. TV celebrity Barbara Walters announced that she’ll be “stepping down” from some prime roles  in May, 2014.  On a daily basis, “ordinary people” as well as those in the high profile positions are faced with these decisions. How do you decide it’s time to retire from your work and/or to reassess how to work in a different way? It takes honest reflection, facing the realities of your own life and abilities and often crucial conversations with other people  important in your life and work.

Some people reach a point of burn-out. Others begin to realize that the demands of work no longer align with their strengths and capacities. Still other people are forced out of work because of mergers or downsizing and don’t want to stop working. Are you struggling with this decision? It you’re part of a couple you may also realize that you and your partner are “out of synch” with each other. You may be different ages, have different energy levels or different health issues. It’s also not unusual that women may have entered the labor force later than their partner and may be in their” prime” when their partner is ready to wind down. Talking together about your values, goals, interests and needs is extremely important. It’s helpful to establish time frames as you “puzzle” this out.

If work has been your primary identity you may want to take some time to begin to explore other interests so you don’t feel like you’ve lost your identity if you’re no longer working. In addition, work provides a structure for your time as well as a means for connection, engagement and a sense of purpose and meaning. Think ahead so you can anticipate how to “replace” some of these important needs in your post-work life.

You may also decide it’s time to use your skills in another way and want to begin an “encore career.”  Marci Alboher, VP of recently wrote a  terrific book called The Encore Career Handbook.  She offers some helpful  information about encore careers as well as offers exercises, tips and resources to help in the decision-making process.  Some of you may not want to work at all (paid or unpaid) but instead explore other interests. There is no “one way.” Retiring from work does not mean retiring from life. The second half of life can be an exciting time if you open yourself to new possibilities.

If you’re interested in this topic you may want to read an article  I wrote (with some interesting comments from readers)  in the NY Times online.

Three Steps to Take You from Now to Encore Career WOW

I had an interesting conversation with a woman at a networking event recently. She’s 58, doesn’t want to retire in the traditional sense, but wants to create an encore career that is more aligned with who she is at this stage in her life.

Problem is she was pumping me for a checklist of things she could “do” to make the next career happen. She wanted practical, hands-on, tools to take her from where she is now to what’s next. She was looking for the externals like resume writing and job search websites for people 50+.

Now, those tools are helpful, but they’re not what you’ll most need to get started in creating the encore career of your dreams. Your inner desires, yearnings, passions, likes, dislikes — and those long-buried dreams — are what you’ll want to start with. They’ll lead you to the real, authentic you. They’ll lay a foundation that will allow you to bring all of who you are to what’s next, and help you find your true purpose. I can tell you from first-hand experience it doesn’t get any better than that.

So, as you consider your encore career, youll want to figure out:

1. WHO you are. Creating work that you love depends on taking the time to get to know yourself– the real you — not the person who couldn’t bring the best parts of herself to work everyday. What do you value? What do you love to do? What lights you up and makes your heart sing? What challenges you and gets your juices going? What parts of your personality is it time to free up? Imagine your life exactly the way you want it, then ask yourself who do you have to be to live that life? Then, do what you have to do to become that person.

2. WHAT you want to do. When I ask people contemplating what’s next, the answer is most often a resounding “I don’t know!” But, those same people, when asked what they don’t want, can give me a laundry list a mile long. So, here’s a very simple — but powerful — process for beginning to define what you want.

Make a list of everything you know you definitely don’t want in your life. Include situations, people, places, and circumstances. Add everything that no longer works for you in your current career. Then add all those things that you worry about or make you anxious, concerned or afraid.

When you feel like you’ve gotten it all out, start a new page, and one-by-one re-write each statement into the present, and in the positive. For instance, “I hate being chained to a desk all day and being isolated from people” might be re-framed to “I go interesting places and meet interesting people all day every day.” Once you’ve completed this exercise, you’ll have a jump start list of what you want in your life.

You can continue to build on your list, by answering questions like:

  • What are the things you’ve always wanted to do, but haven’t?
  • What are things you love to do, but haven’t for a really long time?
  • What are the things that you think you might love, and would like to try?

Remember, these do not have to be “work” related to make it on your list.

Next, you’ll want to research possibilities and start trying some things on for size until you gain clarity about what’s next.

3. HOW you’ll get there. Finally, you’re ready to plug in and use those external tools by creating a step-by-step plan that will take you from where you are now to where you want to be. Make sure to chunk it down into small enough pieces so you won’t go into overwhelm.

As you can see, the externals come AFTER you’ve down the internal work. It’s the internal work that will assure that you won’t create more of the same-old-same-old, but a life and work that truly lights you up.

Top Six Encore Career Resolutions for Spring

Spring has definitely sprung in the Northeast: the weather is warming, days are longer, and it’s time for a fresh start. Have your encore career plans been hibernating for too long? Are you ready for a new approach to moving your life forward? Consider these spring resolutions to jump start your encore career:

1. Make Space. Clean the cobwebs out of your mind and your heart by de-cluttering your physical environment first. You’ll be amazed at how much space you’ll create in your life for new things to come in – ideas, people, opportunities – when you tackle the “piles of stuff” before anything else.

2. Energize. Of course, eating good food, moving your body, getting enough rest are great energizers. But, have you tried improving your attitude? Don’t discount the power of a positive outlook. When you find yourself worried about the future, or afraid of the change that’s coming, simply shift your perspective to one that feels better.

For instance, you can turn “I’m afraid that my money won’t outlast me” into “There are lots of creative ways for me to make money and enjoy life, and I’m going to have fun finding them!” How do each of those statements make you feel? Go for the one that fuels you forward, and leave the one that paralyzes you behind.

3. Try Something New. Go ahead — just for the fun of it! When my clients want a change, they often try to figure it out in their heads, instead of tapping into their hearts. I recommend they stop thinking about what “it” might be, and make a list of fun, thrilling, exciting things they’ve always wanted to do.

When Jane stopped trying to figure it out and made her list, she started by taking a trapeze lesson. Not on my top ten list, but it’s something she’d wanted to do for years. By the time she finished #2 on her list – parachuting from an airplane – the idea for her “what’s next” business just came to her fully formed. When Jane shifted her focus to something 180 degrees from work, her creative juices were free to bubble up from deep within.

4. Explore All Options. But, only the ones that feel right. Now is not the time to do what’s expected, or what conventional wisdom says you should do, or take the path of least resistance. Where are all the places you might live? What are the many ways you might make a contribution? What do you love to do that can be incorporated into your new life?

5. Think Big. Let yourself go way out there as you think about the possibilities of what might be next for you. No dinky thinking allowed! The sky’s the limit. You can always bring your ideas down a little closer to earth if you have to. It’s impossible to create an idea worth pursing when it’s scrunched up in a tiny ball on the ground.

6. Pursue That Dream. You know you have one. Uncover it. Dust it off. Breathe some life into it. You’ve got nothing to lose by exploring it. Make sure you understand the essence of the dream because the original package may no longer fit, but you could have the essence of your dream in a brand new package.

Remember, your encore career can be everything you want it to be. With a little bit of spring cleaning and your resolve to have this transition be different, you’ll be on your way to your ideal encore career – and life!

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