Ageing Entrepreneurship

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About Course

Learners should be able to:

  1. Acquaint themselves with basic concepts in ageing entrepreneurship,
  2. Acquire knowledge and skills in ageing entrepreneurship,
  3. Be highly motivated to start/scale businesses in the domain, and
  4. Acquire ageing entrepreneurship culture.

Course Content

Module 1. Introduction to Ageing Entrepreneurship
By the end of this module the learner should be able to: i) State and explain the basic concepts of ageing entrepreneurship. ii) Outline the reasons why older adults engage in entrepreneurial activities. iii) Describe global and local trends shaping ageing entrepreneurship. iv) appreciate the relevance of ageing entrepreneurship in modern economies.

  • 1.1 Meaning of Ageing Entrepreneurship
  • 1.2 The scope of Ageing Entrepreneurship
  • 1.3 Importance of Ageing Entrepreneurship in Modern Economies
  • 1.4. Trends in Ageing Entrepreneurship
  • 1.5. The role of ageing entrepreneurs in community development
  • References
  • Multiple Choice Questions
  • Case Study

Module 2: Characteristics of Ageing Entrepreneurs
By the end of this module the learner should be able to: i) Outline key personal and professional traits common among ageing entrepreneurs. ii) analyze how experience and skills create advantages in ageing entrepreneurship. iii) explain the role of financial stability and constraints in shaping business decisions. iv) evaluate how health, time, and lifestyle factors influence entrepreneurial choices in later life.

Module 3. Motivations for Ageing Entrepreneurship
By the end of this module the learner should be able to: i) Explain various factors that motivate older adults to start businesses. ii) explain the influence of retirement and post-retirement income needs on ageing entrepreneurship. iii) analyze how passion, independence, and lifelong dreams drive ageing entrepreneurial behavior. iv) examine how social contribution and legacy building motivate older entrepreneurs.

Module 4. Challenges Faced by Ageing Entrepreneurs
By the end of this module the learner should be able to: i) outline the major financial, technological, and social challenges facing older entrepreneurs. ii) analyze the impact of limited access to finance on ageing entrepreneurship expansion. iii) explain how age stereotypes and discrimination affect entrepreneurial participation. iv) state and explain strategies for managing physical and mental health limitations in business.

Module 5. Opportunities for Ageing Entrepreneurs
By the end of this module the learner should be able to: i) identify opportunities that arise from experience and professional networks. ii) identify niche markets suitable for ageing entrepreneurs. iii) analyze how older entrepreneurs can serve as mentors and consultants. iv) develop skills in identifying business areas that align with personal experience and community needs.

Module 6. Business Opportunities for Ageing Entrepreneurs
By the end of this module the learner should be able to: i) identify categories of businesses appropriate for older entrepreneurs. ii) outline the benefits of low-capital and skill-based enterprises. iii) explore the potential of digital and online business ventures. iv) assess opportunities for community-based and franchise businesses for ageing individuals.

Module 7. Strategies for Success in Ageing Entrepreneurship
By the end of this module the learner should be able to: i) acquire knowledge and skills in business management and sustainability. ii) Outline the importance of continuous learning and digital literacy. iii) develop the ability to build partnerships and collaborations for business growth. iv) plan for succession, sustainability, and effective time and health management.

Module 8. Impact of Ageing Entrepreneurship on Society and Economy
By the end of this module the learner should be able to: i) Explain how ageing entrepreneurship contributes to employment creation and community development. ii) Outline the role of older entrepreneurs in promoting intergenerational knowledge sharing and mentorship. iii) explain how senior entrepreneurship enhances economic independence and reduces dependency. iv) explain the ways in which ageing entrepreneurs stimulate local economies, encourage social responsibility, and support philanthropic initiatives.

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