Many retiree’s today are not happy with that status. They may be of age, but they are not ready to stop. That is why so many people are escaping retirement and starting a business.
Mature entrepreneurs differ from their younger counterparts in several critical ways. For one, they are usually in a much better financial position than younger entrepreneurs. Their bigger financial cushion—retirement packages, nest eggs, or home ownership—affords them flexibility in the initial stages of a start-up, where funding is often critical. Because they can often rely on other sources for current income, they are in a better position to take entrepreneurial risks.
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Author: Angela Shupe
