Liz Elting, the co-founder of TransPerfect, a $1.1 billion company, believes that older adults should not retire and continue to pursue new opportunities. She established a charitable foundation and encourages older adults to start something new as they have gained wisdom and experience over the years. Elting believes that older adults can focus better as empty nesters and have the freedom to pursue their passions.
Elting draws inspiration from legends like Grandma Moses, who found success in her 80s. She read a book by Michael Clinton that highlights the changing landscape of retirement and longevity, with more people living longer, high-energy lives. Elting believes that 60 is the new 30 and is excited to start new ventures, feeling like she is just getting started at the age of almost 58.
She encourages older adults to take risks and pursue their passions, even if they fear failure. Elting believes that the experience gained and people met along the way make the risks worth taking. She emphasizes the importance of focusing on relationships and staying disciplined in pursuing one’s dreams. Elting advises starting small, being nimble, and setting goals to achieve success.
Elting believes that older adults can start service businesses like coaching, counseling, writing, editing, graphic design, and technology solutions. She stresses the importance of having a purpose to avoid health issues and the benefits of mental and intellectual stimulation in starting a new business. Elting encourages socializing, continued learning, and stepping out of one’s comfort zone as an entrepreneur to improve overall health and well-being.
Overall, Elting believes that older adults have a wealth of knowledge and experience that can be leveraged to start new ventures. She advocates for taking risks, focusing on relationships, setting goals, and maintaining discipline to achieve success. By embracing new opportunities and pursuing passions, older adults can lead fulfilling, purposeful lives well into their later years.
