Starting up instead of slowing down: Starting a business later in life

After working for others for most of your career, it might be time to strike out on your own. Reluctant to take a chance on entrepreneurship so late in the game? Rest assured that you're not alone. Older entrepreneurs are turning to start-ups in larger numbers than younger ones. You are part of a demographic with a lot of experience to leverage.

Consider starting your own business if you want to:

What are some of the challenges?

How lucrative does your start-up need to be? Is your goal to make a lot of profit or to be fully engaged? Depending on your requirements, you may decide to:

To meet the challenges of tackling a start-up, make sure that you are well-prepared. Do your research and be aware that experience alone cannot replace a solid business plan.

Boomerpreneur, zenpreneur, or seniorpreneur — call yourself what you want, but know that as an entrepreneur, you're opening the door to an exciting and potentially rewarding future.


Posted by Murray on December 10, 2012
Having been 'Self-Employed' all of my working career, actually from the age of 19, it is one thing dealing with the general public, but when an Individual such as myself have to deal with local bureaucrats (bullies) who will do everything within their power and ability to put me 'Out-of-Business' or better yet, move to another municipality to carry on my business. How or why should an Individual, carrying ALL necessary licenses and insurance and working within the law should be harassed to a point where I was FORCED to SHUT-DOWN, my legitimate construction business!
Posted by Alain on December 10, 2012
Merci pour ces informations utiles, je me sens concernés et motivés.

Posted by linda on December 12, 2012
Too many pencil pushers that love the power control!!!
Posted by John on December 12, 2012
I've also been in my own business a few years ago before I gave up. The taxes to collect and remit along with the dread of pst and gst payments whether my customers paid me on time or not, rent (which is unbelievable now a days. I don't know how business can operate anymore with the high overhead) and the dread of meeting weekly operating costs, which my wife got tired of hearing about (when are you going to get paid too?) made operation of my own business a nightmare full of stress. Working for someone else is a lot less stress, but the low wages are hardly enough to pay your rent. In other words, it doesn't matter what you try to do, the first thing you have to figure out is how many others have their hand in your pocket before you do. And of course, how can you compete with China? (you can't)

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