SBA Spurs Second Act Startups

As part of National Small Business Week, the Small Business Administration (SBA) and AARP announced the launch of a new program that will provide counseling and training to entrepreneurs over 50 who want to start or grow a business. Through SBA's online training courses and its nationwide network of business mentors and counselors, the two organizations expect to train 100,000 encore entrepreneurs.

"No matter what your age, if you have an idea or a business that's ready to move to the next level, the SBA wants to make sure you have access to the tools you need to start and grow," says SBA administrator Karen Mills. "For many older entrepreneurs, starting a small business can be an opportunity to transform a lifetime hobby or interest or years of professional experience into a lucrative line of work."

The SBA has set up a web page for the 50-plus set with an online self-assessment tool that will help potential small-business owners evaluate their readiness for starting a business. Also available is information to help with business planning, shaping a winning business idea, professional counseling, financial services and information to find resources in your area. The SBA and AARP are currently developing additional online courses, self-assessments and webinar series for entrepreneurs.

For more updates on National Small Business Week, browse coverage at Entrepreneur.com.