The economy, job loss and increased competition for promotions and new jobs have all contributed to the trend of older people (55+) making the decision to start a business.
Older entrepreneurs have the advantages of time and experience on their side when it comes to starting a new business. But on the other hand, they may face a wide variety of challenges, including higher technological learning curves to use popular social media sites. (e.g., Facebook, Twitter, LinkedIn, Plaxo).
Older folks might lack experience as a business owner and it normally takes three-to-five-years before the business is generating sufficient funds to provide potential entrepreneurs with a “market rate” salary.
To read the full, original article click on this link: Think You Are Too Old to Start a Business? - FoxSmallBusinessCenter.com
Author: Lea A. Strickland
