BOSTON (TheStreet) -- Coming soon, brought to you by the wave of 76 million Baby Boomers entering their Golden Years: business start-ups instead of retirement.
That's the way John Rhett, chairman of SunTrust Investment Services, a unit of Atlanta-based SunTrust Banks
Rhett, based on retiring clients who have approached him and his colleagues for guidance on how to start a new business, thinks we are now seeing "the first inning" of a trend that could reshape the small-business landscape.
Rhett: Some of it is among people who have been in financial straits, having either been laid off or forced to take early retirement. They are still willing and wanting to work, and they have to find an alternative.
They are not really comfortable being more aggressive in the traditional sense within their 401(k)'s as far as equities and things like that, so they are looking at other ways to get a higher return, and that entrepreneurial side to things -- starting their own business -- is one of the things people are looking at.