Midlife crisis. It is a term bandied about, which can conjure images of sports car purchases, new gym memberships, flirtations/affairs/divorces, botox and bikinis. Midlife is, for many, a time of transition, including whether or how to retire. It can be a time of more questions than answers, a time in which you feel less steady as you review and revise who and what you find most meaningful, valuable, and worthwhile. Some changes are desired and welcome, while others feel forced or unavoidable.

I believe, as I share in my upcoming book, The Ageless Way, that  “Those of us who are entering, in the midst of or, like me, leaving our rich middle years, are well poised to use such times of transition as opportunities to tap more deeply into our reservoir of innate soulful greatness – what I refer to as our Signature Greatness DNA. As history has shown, change makers and world shakers always deepen their culture and leave a legacy for future generations by confronting the difficulties of such times with invention, insight, and transcendent understanding.”

It is at these times that many people choose, whether out of desire or necessity, to begin a second (or third, or fourth…) career, which is often referred to as an encore career. There are different reasons people choose to pursue an encore career, such as: financial security; personal fulfillment and meaning; the desire to give back to the local/national/global community; flexibility; work/life balance; learning new skills and utilizing those that have been acquired over decades; sustaining social connections; pursuing a long-held dream…

Regardless of the reason(s) for selecting an encore career, those in their middle and later years have garnered personal and professional experience and wisdom which they can offer to employers and clients. In addition, Boomers and Matures (members of “The Silent Generation”) grew up in eras which inspired active, organized involvement in response to diverse current events, such as WWII, the Korean and Vietnam Wars, and the fights for civil and women’s rights. As a result, these workers are often valued for their efficiency, sense of responsibility, loyalty, hopeful attitude and strong work ethic.

The trend toward an increasingly older and diverse workforce creates multiple opportunities for building successful intergenerational office environments. Encore career professionals offer a variety of abilities and knowledge to enhance the capabilities of the younger generations and benefit, in return, from their colleagues’ perspectives and talents with new work aspects like technology. Such mutually supportive business cultures ensure a more solid future for everyone, from those engaged in encore careers to the generations yet to come.

There is even a movement afoot to support those choosing or hiring for encore careers. Encore.org’s mission is “building a movement to tap the skills and experience of those in midlife and beyond to improve communities and the world.” It seeks to engage the vitality, wisdom and talents of those in the third and fourth stages of life while emphasizing social purpose. Seeing an aging society as a solution to, rather than creator of, problems, Encore.org connects generations in diverse ways, including hosting an annual conference and offering The Purpose Prize for people over 60 who integrate their passion and experience for the betterment of society. Created in 2005, the prize aims to “showcase the value of experience and disprove notions that innovation is the sole province of the young. It’s for those with the passion to make change and the experience to know how to do it.”

I mentioned the term encore career in a blog posted earlier this week, “Second Time Around” , in which I wrote about Barbara Beskind who is now in her third year of work as an inventor, a lifelong dream she achieved just shy of her ninth decade. Additionally, I have met/worked with diverse women and men who have chosen (are choosing) to embark on an encore career. One 51-year-old woman hot shot media executive left her job to pursue what she always wanted to do as a teenager — she went back to school to become a social worker. Another high flying 62-year-old woman left an intense demanding sales executive post to return to the beloved art career of her youth. A 63-year-old retired teacher became a published author. In her January 16, 2015 New York Times article, Older Job Seekers Find Ways to Avoid Age Bias, Kerry Hannon shares the story of a 66-year-old man who was laid off from a high-powered position. After undergoing the unease of transition, questioning his purpose and averting age discrimination encountered in interviews, he ultimately ended up teaching part-time, making money, and feeling valued. And I am one among many who have found fulfillment in an encore career by creating their own business.

Encore.org and the AARP  are just two of the organizations offering programs, resources and information for those embarking on an encore career. In the short term, this transition may require additional investment of education and retraining (including working with a certified professional career coaching and strategy-creation coach). The rewards, however, can be infinite. Following your passion while giving to others can be stimulating, enlivening and offer adventures which demonstrate that, despite pleasurable memories, the best is still yet to come.

When musicians are called by an audience to perform an encore, a demand for more, it is surely a sign of success. Whether you choose an encore career out of need or want, in honoring and utilizing your skills and knowledge you are the one whose success is to be celebrated. Bravo!!

What’s your encore career story?  Please share your experience below.

For decades, I have spoken at length about, and coached clients regarding, the need for marketing products and services to serve the fast-expanding over-40 demographic. I even devote a chapter to the subject of over-40 business wisdom in my upcoming book, The Ageless Way. Here are just a few *sneak peek* excerpts below.

Everyone from solopreneurs to large corporations needs to recognize that this market is essential to staying in business in the future, or even in the present. Especially important is that Ageless Women themselves are in a unique position to serve this market just as they are in this market to be served. In other words, Gray is the New Green!

 As pioneering David Wolfe observed, “I believe companies are largely ignoring the largest and richest customer group in history for three reasons. First, stereotypical beliefs about older customers paint them as resistant to change, so why bother. Second, there is widespread uneasiness about how to market to older customers, so let’s spare ourselves the pain of failure. Third, people under 40, who are not in the same mental space as members of the new adult marketplace majority, dominate marketing processes. They relate most comfortably to customers of their own ages or younger.”

 Yet, the economy, business, and the workplace are all undergoing glacial change from the status quo, despite a combination of massive upheavals and a constant media focus on the aging Boomer population. Throughout history, chaos and major shifts have always been accompanied by renewed attempts to hold on for dear life to the (false) security of How Things Have Always Been Done. There is an ongoing conflict between the stories of our past and the stories of our future, and the battlefield between them is inevitably our present story…

 My message continues to be “Here’s how to stay in sync with the generation that keeps you in business.” I present to professional and corporate marketers, strategists and entrepreneurs (experienced and newbies) across many sectors. I attempt to wake up those who have the most to gain or lose in market share and reach if they close their eyes to the forty-plus market potential. While sharing my perspective on the truth about their future if they stay youth-focused, I cajole them by quoting popular lyrics like Fleetwood Mac’s “Yesterday’s Gone…Don’t Stop Thinking About Tomorrow.” I warn them that they best get on board fast because their ability to monetize going forward will be based on their willingness to serve this enormous force field of new Boomer demand in the workplace, the United States marketplace, and around the globe.

 No matter your industry or field, those who recognize the new rules of the game will reap the benefits and gobble up market share. For starters the new rules are customer-centric, not product-centered, as has been the case for eons. At least until Millennials turn forty, youth no longer rules! But “Prime Time Women” do!

 Let’s get back to the here and now stats that should blow your socks off! Based on a briefing paper prepared by Oxford Economics for AARP it is estimated that “…a 106 million-plus market is expected to grow by over 30% in the next 20 years.” If you snooze, you lose. Any entrepreneur or service professional that ignores the enormous power of the Big Gray already on our threshold might as well kiss their business goodbye. To anyone not paying attention I must ask, are sure you want to leave money on the table by ignoring this forty-plus market?

 If you are not already serving or planning to serve the forty-plus market, you are not only missing out financially—you are missing out on the chance to align what matters with an audience that is consciously choosing companies that are making a difference as well as a profit.

 The aftermath of the Great Recession can seem like the worst possible time to focus your business on your values, but the opposite is true. Boomers are an indication of how your clients are changing. Living your values and focusing on what matters in your business is not only what you need, it’s what the world needs—and it’s what the world is willing to pay for.

 Businesses that want to tap into this trend must shift their focus from value to values, from the bottom-line to the Triple Bottom Line: People, Planet, Profits…

A finding in a Nielsen study projects that by 2017 Baby Boomers will control seventy percent of the country’s disposable income. Whether or not you like Madonna’s style… or that of the millions of other active, engaged, energetic, successful performers over 50 (for starters: Michael Jordan, The Rolling Stones, The Beatles, Bruce Springsteen, Helen Mirren, Meryl Streep, George Clooney, Betty White, Denzel Washington, Hilary Clinton, Mitt Romney, Barack and Michelle Obama, Oprah, Nascar Driver Morgan Shepherd, or Yoga Teacher Tao Porchon-Lynch, 96…), there is no doubt that the new emerging story will be written by those marketers and product makers who recognize that it is worthwhile to get beyond the rampant malevolent ageism and misogyny in corporate marketing and product development decision-making.

What ways do you think the over-40 demographic can be best served by businesses? Have you seen examples of marketers already reaching out to this age group and doing it well? Please share your thoughts in the comments below.

Image Credit: Dollar Photo Club

With more people living longer, active lives, we are at a historical crossroads in which the demographics of business environments are shifting. It’s time to drop the narrative that persists about Boomers vs. Millennials battling over jobs, being on different planes or coming from opposing perspectives. It’s time to undergo the complex transformations necessary to modify our connections, attitudes, and work environments to create, as in our best relationships, “great chemistry.”

No transformation is inevitable, however. It is up to all of us, together, to shape the changing workplace for a future which will benefit workers of all ages (hence society as a whole), one, as I discuss in my soon-to-be-published book, The Ageless Way, that is focused on the Triple Bottom Line of people, planet, and profits.

I see signs of this trend toward intergenerational cooperation developing, such as in the egalitarian digital future laid out in Dan Abelow’s book Imagine a New Future: Creating Greatness for All. Despite such progress, however, we need to keep moving forward with unity of intent and purpose, since life and society “can change on a dime.”

I believe multigenerational age-friendly trends are worth developing and will result when we all work together based on common interests and visions for the future. A future that has a place for all of us is one with more genuine connections and fewer artificial barriers, such as those based on age, gender, race, and class stereotypes.

For starters, we can:

~ engage in collaborative multigenerational conversations, hands-on discussions about best practices, (mis)perceptions, inclusive decision-making that supports all ages;

~ explore alternative scenarios and solutions together based on the probable and preferred future, not the past;

~ look at intergenerational partnerships, such as job sharing/mentorship arrangements (which enable two people to be employed instead of one, combine training costs and salary, stretch a company’s dollar and quicken the pace at which younger employees can gain the skills, knowledge, and some experience they need to be more valuable to that company and the marketplace);

~ cultivate environments in which diversity and work-life balance are key (Whether we want that balance because we’re starting a family or because we want time to visit our established families, the outcome is logistically the same. Work locations and hours must be increasingly flexible for everyone, without penalty);

~ encourage people over 60 (and in fact those 40+) to remain employed by starting their own businesses – as encore entrepreneurs (These could be less complex solopreneur home offices or larger operations that would not only remove the competition for the same job between two generations, but would also generate employment, services, and products relevant for healthful, fulfilling lives).

The world in which we are living and working longer demands a new business model to serve consumers, our culture, and our workplace environments. By working together, we can solve, or at least ameliorate, multiple societal problems simultaneously through the specific social missions of companies serving multiple generations. No doubt the formation of more startups focusing on the Triple Bottom Line will have a significant positive effect on the job market, offering a way for all generations to make a living and a difference, and to secure their future and that of the world for generations to come.

Again, it’s the chemistry that matters. Together, we are stronger and can share our skills, knowledge, and creativity to discover more than “just” a new molecule. We can discover — we can create — new worlds. Together, we can engage in interactions that generate reactions which change the story around aging so that we model the new Ageless Way across generations.

In what ways is your company, or another business you are familiar with, already mastering the art of intergenerational collaboration? How are you doing this in your own life?

(Image credit: test-tubes-color-fluid.jpg by r.nial.bradshaw, Flickr.com)

Now, think about this for a moment. We’re not even talking about equality within the workplace. Simply making it possible for women to have the same chance at employment is worth $795 billion.

Imagine what women could do for the economy, in the U.S. and in the world, if we took this a step further and talked about what it would look like for women to not only have equal employment opportunities but equal pay for the same work as well as equal opportunities for promotion and leadership, including more balanced representation in government, academia, and corporate boards. As I’ve discussed before (see “How Being Successful Can Save the Planet”), companies with women board members tend to be 42-66% more profitable than those with all-male boards.

And I’m still not talking about the effect on the economy of more women entrepreneurs, whose companies regularly outpace male-led firms in growth.

Anyone who says they care about the economy but isn’t concerned about gender equality is not paying attention. And that’s the kindest assessment I can make.

Fortunately, we don’t have to wait around for the world to change or for the sexism and increasingly violent misogyny that pervades positions of power to slither back into the Bronze Age. We have the power to change our lives and our world, as women and for women, right now.

Not only do we have this power in our vote and our advocacy for representatives who will act on gender equality—not just because it makes good financial sense but because it’s the right thing to do—we have the power to be the women who will save the economy. We do this when we negotiate for what we’re worth, when we mentor other women (or seek mentors), when we unabashedly start our own businesses to make the profit that is necessary to make a difference.

When we recognize that equality is not something we are given but something we already possess, and deserve, only then can we step into our power to shape the world and our future to match that reality.

Image credit: Kevin Dooley.