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I'm a little disappointed that I'm just getting started but nevertheless, I am.
Anyone start a successful business after age 40?
I'd say that far more of what become successful businesses do so BECAUSE the owner is older.
Aside from greater experience they'll usually have more personal stability and better judgment.
yes i did but i did it by realizing that unless i could be a good employee for others i would never be a good employee to myself.
i gave up the biz and worked hard for a good paying but hard employer and retired early. a very good move.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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I did too, at age 41, but after 16 years the 3 kids grew up and moved out so I went back to working at a regular job with benefits and a retirement plan so I could spend more time at home and only have to work 40 hours a week. Even if you have good employees you have to be there to be successful and 60-80 hours a week gets tiring, so when the bad economy hits and you work the same hours for much less money it's time to do some serious thinking.
Many people in their 40's do this. Some get tired of corporate America and do their own thing. I even know one guy that had made millions at Amgen and he decided to buy a free standing business of his own. Others have a dream that they want to see happen or a hobby that became a business. One former employer of mine started a window washing business for additional household income. It grew into a large business and he even expanded by purchasing another window cleaning company in another area. He now has 30 or so employees.
Think about the cost to buy a franchise and you may find that many people younger than 40 may not have the money to get into the business. I remember in the early 1990's and during the past few years 40 somethings running to MLM opportunities to see if they could make more money and ditch their 9 to 5 jobs. It happens all the time.
this thread makes no sense, unless your business
involves heavy labor that you intend to perform yourself,
there is no advantage to being young. if anything, it's
a disadvantage.
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Anyone start a successful business after age 40?
