Lifestyle drives seniors to start ventures: Study

Mrs Fiona Tan with children at Intelligent Minds Learning Centre, which she and her husband set up in 2016. The tuition centre broke even after the first year and has remained profitable.
Mrs Fiona Tan with children at Intelligent Minds Learning Centre, which she and her husband set up in 2016. The tuition centre broke even after the first year and has remained profitable.ST PHOTO: LEE JIA WEN

But some Singaporeans aged 50 to 70 also launch businesses out of necessity, IPS study finds

Age is no barrier to entrepreneurship, a study by the Institute of Policy Studies (IPS) has found.

Starting their own businesses can help seniors stay active in their twilight years besides providing some income, concluded the study billed as the first local one on senior Singaporean entrepreneurs.

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A version of this article appeared in the print edition of The Straits Times on April 02, 2018, with the headline 'Lifestyle drives seniors to start ventures: Study'. Print Edition | Subscribe