what's next for richmond encorepreneurs and boomers
TRANSCRIPT
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The 2nd Annual
What’s Next? SurveyJanuary 27, 2015
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Today’s Host
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Don’t Google “Boomers Outside the Box”
Today’s “Golden Nugget”
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Think Outside The Box For Your Travel
Today’s Second “Golden Nugget”
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Survey Overview• Objectives were to:
• Learn about the people who are currently active and interested
in encorepreneur!
• Find out if we really are thinking outside the box and expanding
our comfort zones.
• See if our breakfasts are on-track
• Get ideas for the future
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Who are we and what are we like?
Encorepreneurs…..
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Most of Us Are In Our 50’s and 60’s
-4%
-2%
0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
43 46 49 52 55 58 61 64 67 70 73
2014 2015 Poly. (2014) Poly. (2015)
Average Age = 60
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
2014 2015
Male Female
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We Tend To Feel A Lot Younger Than We Are
35
40
45
50
55
60
65
2014 2015
Encorepreneurs Feel A Lot Younger Than They Are
How Old You Are How Old You Feel
0
2
4
6
8
10
12
14
Encoreprenerurs All Boomers
The Gap Between Reality and Perception Is Wider For
Encorepreneurs
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Most of Us Work For For-Profit Businesses
For-profit business
86%
Non-profit organization
7%
Education7%
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Most of Us Are In Management or Consultative Roles
0%
5%
10%
15%
20%
25%
30%
Management Professional Consulting Sales Finance Technical
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Most Of Us Work For Ourselves
60%
29%
7%3% 1%
65%
18%
6%9%
2%
Own my ownbusiness or self-
employed
Working forsomeone else
Retired Other Unemployed,looking for work
2014
2015
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We Are Better Prepared For Retirement Than Most
0%
10%
20%
30%
40%
50%
60%
70%
80%
PersonalInvestments
401K IndividualRetirement
Accounts
PersonalSavings
Sale orRefinancing of
Home
EmploymentDuring
Retirement
TraditionalEmployerProvidedPension
Inheritance Social Security
Major Sources of Retirement Income For Encorepreneurs vs Boomers
Encorepreneurs Boomers
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We Plan To Retire Later Than Most
0%
5%
10%
15%
20%
25%
30%
<55 56-60 61-65 66 to 70 >70 Never
When Encorepreneurs Plan To Retire
2014 2015
Average = 68
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And, You Are Not Stopping When You Retire
0%
10%
20%
30%
40%
50%
60%
Work part-timeindefinitely
Work part-time for afew years, then
retire fully
Work full-timeindefinitely
Work full-time for afew years and then
retire.
Don't plan to work atall
How Long Do You Plan To Work After Retiring
2014 2015
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What Is Important In Planning What’s Next?
0%
20%
40%
60%
80%
100%
Stayingphysically
active.
StayingInvolved
Beingproductive.
Being aroundinteresting
people.
Learning newthings.
Helpingothers
Earningmoney.
Travel
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How Are We Thinking “Outside The Box”
Encorepreneurs…..
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Thinking Outside The Box?
Expanding Our Personal Lives - 40%• Travel
• To 5 of the 7 continents
• Two are on their way to Cuba as we speak
• Improving Our Health• Weight loss
• Exercise
• Better work/life balance
• Learning Something New• Writing books and poetry
• Drawing and photography
• A second language
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Thinking Outside the Box
Expanding Our Business Life - 40%• Start A New Business• Enter new markets• Sell or transition your business• Hire new people
Expanding Our Service to Others - 20%• Management of non-profits• Spend more time as a volunteer• Mentoring• Serving people directly
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Thinking Outside The Box?
•Some Specifics•Walk 3,650,000 steps in 2015
• Bake the perfect apple pie
• Learn to cook 10 great meals
•Write novels until I’m 94
• Soar in a glider
• Fly my drone above the fireworks
• See more sunsets
• Play with my grandchildren
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Some Bad News and Some Good News…..
Encorepreneurs…..
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Retirement “Budget vs Actual”
0
10
20
30
40
50
60
70
80
90What We Want To Do What Retirees Actually Do
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Challenges of Aging
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Are the breakfasts meeting our goals?
Encorepreneurs…..
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Most Respondents Attended Multiple Meetings
0%
10%
20%
30%
40%
50%
60%
None 1 2-5 6-10 >10
Number of Breakfasts Attended
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What You Are Looking For
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Interesting Topics
Speakers
Networking
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Are Breakfasts Providing What We Are Looking For?
• Networking
“You don’t see just the "usual" people"
"You can’t help meeting great people"
"The crowd is Intergenerational"
"People are engaged and energetic"
• Speakers and Programs
"Best speakers of any group I attend"
"Compelling"
"Relevant"
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Have programs inspired us to make changes?
• We didn’t ask, but 9 of 12 speakers were mentioned
• Dr. Heilman mentioned by roughly 1 in 6 people that saw him
• Some specific inspirations were listed
• To take trips
• To accomplish personal goals
• To work for a named non-profit
• To mentor someone
• Some mentioned they have been inspired • To “do more”
• To stay involved more
• To stay involved longer
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What Could Be Added or Changed
• Have meetings during other times of the day
•Ways to focus more on topics covered in breakfasts
•Workshops
• In-depth meetings
•More diversity in speakers
• An easy way to get others involved in encorepreneur
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What’s Next?
Encorepreneurs…..
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What’s Next for Encorepreneur?
Link
•Upcoming Locations• February Visual Arts Center
• March The Diamond
• April Poolside at the Edge Condos
• May Mobility Supercenter
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What’s Next for Encorepreneur?
Link
•Upcoming Speakers• February Parney Parnell – COO of Richmond Braves
• March Cocktails and Baseball (VCU vs. VMI)
• May Jane Henderson – CEO of Va Community Capital
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What’s Next for Encorepreneur?
Link
•Locations We Are Working On or Suggested
•Maggie Walker Governor’s School
•Calhoun Center in Gilpin Court
•Various religious venues
•Arts Venues
•Main Street Station
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Thank You Again to……