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10 Characteristics of an Encore Entrepreneur

Writer's picture: Judy AldersonJudy Alderson

The encore stage of life brings an exciting opportunity to reinvent yourself, pursue your passions, and create meaningful work that aligns with your purpose. Encore entrepreneurs—those who start or grow businesses later in life—are uniquely equipped with life experiences and qualities that set them apart. Here are 10 key characteristics of successful encore entrepreneurs:


1. Resilience

Encore entrepreneurs often draw strength from past challenges, using their experiences to navigate the ups and downs of running a business. Their resilience helps them stay focused and adaptable.


2. Wisdom and Experience

Years of professional and personal experiences provide a solid foundation for making informed decisions, avoiding pitfalls, and mentoring others.


3. Purpose-Driven

At this stage of life, many entrepreneurs seek work that aligns with their values and passions, often creating businesses that make a positive impact on others.


4. Strong Network

Decades of building relationships give encore entrepreneurs access to a valuable network of contacts and resources that can support their business ventures.


5. Financial Savvy

With years of managing finances, encore entrepreneurs often bring a disciplined approach to budgeting, investing, and managing the financial aspects of their business.


6. Creativity and Innovation

Life experience fosters creativity. Encore entrepreneurs often excel at thinking outside the box and finding innovative solutions to problems.


7. Patience

Understanding that success takes time, they are patient with the process and committed to building a business for long-term results rather than quick wins.


8. Work-Life Balance Priorities

Encore entrepreneurs value their time and are intentional about creating businesses that allow for flexibility, freedom, and balance.


9. Desire to Give Back

Many are motivated by a sense of legacy and a desire to give back, mentoring others or creating businesses that contribute to their communities.


10. Lifelong Learner

Curiosity and a willingness to learn new skills are hallmarks of encore entrepreneurs. They embrace opportunities to grow personally and professionally, adapting to changes in the business world.



Becoming an encore entrepreneur is a chance to combine your life’s wisdom with new possibilities. If you’re ready to take the leap, lean into these characteristics and let your unique strengths guide you toward creating a business that fulfills your purpose and enhances your encore years.


Are you thinking about starting your encore business? Let’s connect—I’d love to help you take the next step!

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