Start-Ups

Startups Are Graying? But Is it A Good Financial Move?

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Executive Summary

The face of the typical startup entrepreneur these days is a bit wrinkly, sporting some gray hair, and having the wisdom that comes with age. But is it a good financial move to start a business late in life? Many people at age 55 and up tend to be at a stage in their lives where they can afford to pursue long-held dreams of owning a business. Chances are, they are empty nesters. They don't have the expenses they had while raising children. Their homes may be paid for. They may have accumulated savings that they are now free to use.

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