Steve Strauss: “Retired would-be entrepreneurs have many assets at their disposal that younger entrepreneurs do not. First of all, you likely have a nice nest-egg of capital that you could tap into for a business. Also, you know who you are and what you like to do. You have skills, and you most likely have a long-term relationship with a bank and credit-worthiness. Together, this puts you head-and-shoulders above most entrepreneurs who either don’t know what kind of business to start, don’t have the money or credit to get started, don’t have the necessary experience to start a viable business or all of the above.”
Lucy on February 9th, 2005 at 12:25 pm
Yes they have the alot more money available, I hope they also have the ambition, motivation and energy to start the business.
Tom Lindstrom on April 16th, 2008 at 3:32 am
Retired people often get bored at some point.Having their own business will also give them supplement income.