Never Too Old To Get Rich
In 2019, 57% of small business owners were over the age of 50, according to Guidant Financial’s State of Small Business report. With older entrepreneurs on the rise, the Baby Boomer generation— which still dominates politics — is proving that youth is no magic formula for business success.
Retirement was not an option for Paul Tasner. So he devised an idea for a potential new business, motivated somewhat by his time at Method, where he had experienced a late-in-life switch to a deep concern for preserving the earth. As Tasner told me, “I felt a passion to make a difference for people and the planet.”
It’s entirely possible to start a business mid-life, and Kerry Hannon profiles 20 successful older entrepreneurs in her latest book, “Never Too Old To Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life. ”
In my new book, “Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life”, I profile 20 entrepreneurs, who have started businesses either from a passion or hobby, are social entrepreneurs, have launched senior-junior partnerships, or are female entrepreneurs — the fastest-growing demographic globally.
Boomers and Gen Xers are on the rise as entrepreneurs and the variety of businesses people are starting in mid-life is amazingly diverse. I interviewed 20 of them for my new book, Never Too Old to Get Rich: The Entrepreneur’s Guide to Starting a Business Mid-Life.
The older partner can bring decades of experience, potential clients or customers and possibly capital while the younger one can deliver the ambition of someone in the early stages of a career, plus an eagerness to try new ways of doing things.
From crafting a budget to serving as a sounding board, financial advisers can play an important role