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Is e-tirement for you?

e-tirement

Retirees are rewriting stereotypes and redefining retirement thanks to the NBN™. It’s called E-tirement and it’s the latest thing in retirement in Australia.

The NBN™ Silver Economy Report shows how connectivity is driving a ‘seniorpreneur’ movement. In fact – the seniorpreneurs represent the fastest growing segment of entrepreneurship internationally and in Australia.

What is a ‘seniorpreneur’? This term was developed by Dr Alex Maritz, Professor of Entrepreneurship at La Trobe University and refers to Australians 60 years or older who are considering starting up a new business venture as a late-career change.

Increased access to high speed internet is creating new opportunities for Aussie seniors currently in, or approaching retirement. So how are they doing it? The answer is through business startups. Aussies are embracing the small business opportunities that are becoming readily available thanks to the NBN™.

A total of 58% of Aussies aged 60 and over have considered starting a business during their retirement period. The NBN™ Silver Economy Report shows that the decision to jump into the startup world has a number of key motivators.  Of those surveyed, 67% sought to continue to earn an income, 58% wanted to pursue projects they’re passionate about, 55% wanted to remain mentally stimulated, 37% were passionate about giving back to society by volunteering, and 30% were looking to keep physically active.

With a lifetime of experience behind them, Aussie seniors who are ready for their next big adventure are becoming digital entrepreneurs. Seniors have shown to be more successful at starting a business than Gen Y, bringing years of business experience, managerial skills, strong networks and industry insights. Baby Boomers are expected to start 14,000 new businesses every year, that’s more than double the start-ups expected from Gen Y!

Aussie seniors are more tech-savvy than ever before, with Aussies aged 50 – 65 years old owning an average of five connected devices and over a third of seniors saying they spend 3 – 4 hours online each day. Online connectivity is revolutionising the way Aussies spend their retirement by switching out hobbies for entrepreneurship and education thanks to a fortune of online tools powered by the NBN™ network such as video tutorials, videos, ‘how to’ articles, and education resources. In fact, 61% of Aussie seniors agree studying online is the preferred way of satisfying their education needs and 73% say that they feel like they have the resources and confidence to start a new business.

Doing business online allows a single individual to create, market and sell products and services to a worldwide customer base from the comfort of their home. Thanks to the NBN™ the boundaries are coming down and increased access to fast internet is helping entrepreneurs to reach more people with fewer overheads.

There are a number of senior online education organisations that recognise this passion for continuous learning in retired Aussies. Here are just a few you may want to check out.

  • Be Connected is a Government funded Broadband for Seniors Program to empower seniors to thrive in a digital world.
  • Australian Seniors Computer Clubs Association (ASCCA) has over 150 affiliated clubs across Australia that work with seniors to help them learn how to be more computer literate. The courses vary each month.
  • The Senior Learning Network (SLN) is an online learning portal that can be used from the comfort of your own home.
  • SeniorPreneurs has over 2,000 members nationwide and focuses on providing free resources and creating awareness of the business, social and career opportunities for seniors across Australia.

Are you a Seniorpreneur? Let us know in the comments!

16 comments

  1. Mike B says:

    I guess I’ll be to old when it finally arrives here in this metro suburb. Then again if it runs faster then the broadband network.

  2. PETER NEWCOMB says:

    Delete mu details from your mailing list & do not send me these unrequested emails any more

  3. John-David d'Asques says:

    As a retired man, and with the news that the NBN is about to be rolled out in Chelsea Victoria, I would be interested in leaning more of the advantages of the NBN for seniorpreneurs.
    We will see what comes.

  4. John Beattie says:

    Yes I would welcome the chance to partner or join someone who has or is considering starting up a small business. I think it’s a great way to keep contributing and gaining satisfaction from life.

  5. Lyn Gilmour says:

    A course is helpful for everybody. . One thing to teach seniors (I am one of those) to teach about Scamwatch as I have had a lot of these sent to me and I am now on Scamwatch to stop people from stealing our money & information before it is too late.

  6. Anonymous says:

    I don’t use my computer like what I just read, only use it for emails and looking up information. I would not use any of these things. Thank you for let me know this information. I had an email from you that because I on fast cable I would not need to go onto nbn is this correct

    • Brianna Burgess says:

      Based on the information provided, it sounds like you currently have VDSL2. If that’s the case, you don’t need to worry about making the switch to NBN! Our Support (13 22 58) team will be able to review your account and confirm this.

      – Brianna

  7. Kay Deaves says:

    You make it all sound so rosy! But from what I’ve heard there are many people very unhappy with NBN. And if, as I’ve also heard, mine will continue to be provided through the Telstra land line, I AM NOT INTERESTED!!

    • Brianna Burgess says:

      Sorry to hear that’s the case, Kay. We’re happy to address any specific questions or concerns you may have regarding making the switch to NBN!

      – Brianna

  8. Frank Smith says:

    I’ve been running my own part time business via the Internet for over 10 years (I’m 77) but I do miss meeting people face to face

  9. Ian Taylor says:

    I eagerly anticipate the NBN at my place, to have the ability to use all the promised high speed connectivity.

    • Brianna Burgess says:

      Exciting times, Ian! We will be in touch when NBN is available in your area to discuss what plans suit you best and answer any questions you may have surrounding the switch.

      – Brianna

  10. Adrian Quirk says:

    The NBN at my residence is poor and I couldn’t run a business on it.
    I am on satellite NBN and my maximum data allowance is ridiculously small for the amount I pay per month.

    Cant wait for ‘real NBN’

    Adrian Quirk

  11. Keith says:

    Fascinating. I’ve recently retired (IT & Education) and looking for something more stimulating than the RSL, bingo and bowls.

    My reaction is that for every two X’s there should be at least 1 x boomer. When do I start?

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