Where to Look for Your Second Act

Last week, I did an audio interview with Angela Raspass, an Australia-based entrepreneur and the host for the 2015 Second Act Success Summit. I am one of 16 speakers for this year’s summit, an online event for women seeking to start a new life journey.

Speakers for the 2015 Second Act Success Summit

Speakers for the 2015 Second Act Success Summit

Among Angela’s questions was this one: What does the second act concept mean to you?

To me, a second act is something you do later in life after years spent on something else. Unlike some first careers, the second go-around isn’t about meeting someone else’s expectations or going to work just to earn a paycheck. It’s about dedicating yourself to an endeavor that brings gratification and a sense of purpose.

For the late bloomer whose second-act aspiration is to become an entrepreneur, here’s the big question: How do you create a business that provides personal fulfillment and profits?

Thorough research is needed to find an answer. So is self-introspection and an understanding of what matters to you. Here are six places to start looking for your business idea:

1) A vexing problem in your life – Ever wished that one of your everyday products worked better? Grace Welch, a mother of four, invented the Patemm diaper changing pad after she became frustrated with the traditional pad she was using to change her baby.

2) A personal causeJohn D’Eri, whose youngest son is autistic, opened the Rising Tide Car Wash with his older son, Tom, to help people with autism find employment.

3) Your hobbiesJohn Olson turned his pastime of carving stone fountains into Graystone Industries, a pond and fountain supplies distributor/retailer.

4) Your skills – An aptitude for accounting, tutoring or organizing can lead to a business. Just be sure to choose a service you enjoy providing so you don’t find yourself in a rut.

5) Your network – Consider a brainstorming session with friends, family, a personal coach and/or professional contacts. Giorgio Armani’s success might not have happened if his partner hadn’t seen his gift for fashion design.

6) A childhood dream – At age five, Rory Kelly longed to drive a shiny, elegant limousine. That dream became a reality when he founded Prestige Limousine in his late 40s.

Speaking of Rory, here’s his motto: “Be profitable and have fun doing it.” Why not go for a second act that lets you do the same?

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About Lynne Strang

I'm a writer who blogs about 40-and-older business owners. I am also the author of "Late-Blooming Entrepreneurs: Eight Principles for Starting a Business After Age 40." Outside of work, I enjoy reading, cooking, vegetable gardening and exercise (especially cycling).
This entry was posted in Business, Career Changes, Careers, entrepreneurs, Entrepreneurship, Leadership, Retirement, Success and tagged , . Bookmark the permalink.

21 Responses to Where to Look for Your Second Act

  1. terilynj says:

    Great article & very close to my heart! I’m doing a livestream on Meerkat on the topic of changing the trajectory of our lifes and I’ll be referring to your blog. Keep up the good work!

  2. sofievdp says:

    Reblogged this on sofie's xp and commented:
    looking for my second act as well. interesting point of view

    • Lynne Strang says:

      Looks like you’ve done brand management and marketing work for a variety of clients. That type of experience can serve as a foundation for all kinds of second acts. Good luck!

  3. Aaron Hor says:

    Reblogged this on AARON HOR and commented:
    If you plan to re-attempt something in your life that didn’t work so well before, I encourage you read this inspiring blog post by Lynne Strang.

    Had a good time reading it myself! 🙂

  4. YPF says:

    Well written article.

  5. Alina says:

    Reblogged this on Alina's Blog.

  6. royha says:

    Very interesting!

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