Medium. com | Apr 27 Ryan Holmes Entrepreneur, investor, future enthusiast, inventor, hacker. Lover of dogs, owls and outdoor pursuits. Best-known as the founder and CEO of Hootsuite. When you picture a successful tech entrepreneur, how old are they? Maybe you instinctively default to an image of someone in their twenties — young, digitally native, ready…Read more
Silicon Valley may favor the young, but technology’s romantic idea of the youthful, enterprising entrepreneur may be off by about 20 years, according to a new study. The findings have implications for both older and younger entrepreneurs, as well as for venture capitalists, whose propensity to invest younger may be having adverse affects on their…Read more
May 7, 2018 8.40pm Benjamin F. Jones, Professor of Entrepreneurship and Strategy, J. L. Kellogg School of Management, Northwestern University J. Daniel Kim,PhD Candidate in Management, Massachusetts Institute of Technology https://theconversation.com/most-successful-entrepreneurs-are-older-than-you-think-95402# The romanticized image of entrepreneurs is a picture of youth: a 20-something individual with disruptive ideas, boundless energy and a still-sharp mind….Read more
ABC Radio Adelaide |By Brett Williamson | Posted 19 May 2017 If you lose your job past the age of 50, you are in the hardest age bracket to find work again thanks to age discrimination. A recent study by the University of South Australia’s Centre for Workplace Excellence confirmed there was a strong…Read more
InfinityLab is seeking to address a national, and growing catastrophe. Companies simply passing transitioning staff to outplacement agencies is not good enough and corporate Australia must be setting an example for the rest of society. Ageism catches up with all of us eventually, and people working also ensures there are customers.Read more
Unemployment among older Australians is a national disaster and needs to be urgently addressed. With people living longer healthier lives there is no reason they should not be able to secure fulfilling jobs. While governments are increasing the age at which people can access pensions, an enormous amount for wealth is being lost by not establishing effective programs for ensuring people remain in work. In addition to any income earned, the social engagement and satisfaction in doing a job well are vital to mental health
Recruiters actively note that they are not being paid to find applicants over 35ísh. With ageism rife across Australia, InfinityLab is a unique program offering a new career for experienced workers and bringing innovation to societyRead more
The Not for Profit sector industry needs to ask ‘what is the totality of support a person needs’, ‘how will these needs change in the future’ and ‘how can we offer these services better than anyone else’? This notion of competition has been taboo in the not-for-profit space, but the reality is that a competitive spirit drives better service offerings and holds service providers to account with their customers.
This requires rethinking their funding model and moving towards a sustainable business model with a focus being on long-term sustainability of client services. As such, they need to become employers of choice, recruiting professionals who have strong business acumen and a commercial mindset.Read more
Professor Groutsis notes that “It is time to create alternatives to this long running problem. We want new migrants to integrate and contribute, yet we do little to acknowledge what they bring in a practical and inclusive way in our labour market.”
Notably, while they want work, they also want to utilise their prior knowledge but they are constantly told they have no ‘local experience’. There has also been a chorus of doubt about gaining work to match their skills with many of our interviewees noting that they are all too often presented with ‘any employment’ – even if it isn’t in a related field or commensurate position, the inference being that any work is better than no workRead more
The model is flawed’: Endota Spa franchisee left bankrupt By Cara Waters of Sydney Morning Herald http://smh.com.au 11 May 2018 — 12:11pm Fran Forde owned and operated two Endota Spa franchises in the coastal town of Torquay, but her life fell apart when her franchises were terminated. “I am now bankrupt, I had to sell…Read more
This article by Jamie Pride, posted in the Sydney Morning Herald is of significance for InfinityLab as the article recognises the stresses in founding new ventures and, supporting the InfinityLab premise, the need for strong support and networks, a clear roadmap (which often changes, but is still an important guide) and solid, honest, realistic support.
Pride notes the high failure rate among startup ventures, and the impact this can has on founders, staff and their families.
With founding a start-up now “the new black”, and with as many as 9 out of 10 founders destined for failure, burnout and checkout is becoming an increasingly significant issue.
Pride notes that “I have seen a clear pattern emerging: start-up failure has become an accepted industry norm, and it has an impact that reaches far beyond financial loss to investors”. Pride comments that while entrepreneurs need to failure-proof themselves many are not succeeding.
Please seek support when required. New ventures are challenging and require a unique and diverse skillset. Working with great people makes the journey that much more viable and enjoyable.Read more
Adele Ferguson and Sarah Danckert of the Sydney Morning Herald conducted an investigation into Retail Food Group (ASX:RFG). RFG offers franchises in Michels’Patisserie, Donut King, DCM Coffee, Pizza Capers and other companies. The investigation found that many families had invested their life savings, and were now walking away from their stores as they could not make a profit. A key takeaway from this is to ensure that the interests of all stakeholders are aligned. When a franchisor is taking a significant share of revenue, and leaving franchisees to manage expenses, there is no alignment of interests,
InfinityLab offers an alternative future. By investing in new ventures and sharing the bottom line profit, InfinityLab ensures that the interests of all parties are alignedRead more
Longer careers and better health later in life could be on the cards if workplaces were more age-friendly and promoted healthy lifestyles to their employees, a new study from Australian National University (ANU) in Canberra has found.Read more
In the eighties it was automatic teller machines. In the nineties it was mass branch closures. In the naughties, it was offshoring. Now, automation and fintech loom as the great finance sector job-killers. For bank employees, it is a time of “massive upheaval and change. While NAB has announced that it will cut 6000 jobs over the next three years, it will however be hiring 2000 new people with digital skills. “The finance industry is at a crossroads,”Read more
ONLY 19 per cent of us will retire comfortably and Gen X Aussies will have to save up to $4 million dollars to enjoy their golden yearsRead more
Diversity is one of the most contentious words in the tech industry right now. The good news is some companies see diversity as good business.Read more
Comcast Ventures set up a fund specifically targeted at minority entrepreneurs. The Catalyst Fund has $US20 million (£15 million) under management to invest.
It’s been running for five years, mostly focusing on building dealflow, and now wants to rebuild Catalyst’s brand as the go-to place for minority entrepreneurs — mostly in the US, but Europe too.
The Benevolent Society commissioned a study to drive positive change in economic, social, health and civic participation outcomes. The report was released in September 2017, and recommended a variety of social change and campaign activities, including:Read more
– Grassroots campaigning and empowering older people to build a social movement for change
– Further research and policy development
– Engagement with employers, industry and government
– Social media campaigning and social marketing
– Addressing cultural representations with arts, film and other media producers
This research is informing the planning of the EveryAGE Counts campaign which will be launched in 2018.
While looking for jobs, Ms Low stumbled on a new recruitment program that was targeting people who had been out of work for two years or more. Her application for the job was successful and she started work four days a week as a consulting manager for Deloitte in July. “It’s been great. It was a lot about restoring your confidence,”Read more
The Benevolent Society announced its campaign EveryAGE Counts on Thursday, as it launched a report that revealed concerning findings about growing older.Read more
Almost 30% of older people said they had been turned down for a job due to their age.
There were some positive perceptions:
73% of people say older people had a lot to offer younger people,
65% report older people have a strong work ethic
65% believe older people are responsible.
Almost 80% of respondents agreed that ageism was an important issue.