Silver Success: the Business Lowdown for Senior Entrepreneurs

 

Seniors are one of the hottest demographics in small business right now; over a quarter of all new businesses were started by someone over 55, and half of all small businesses are owned by someone between the ages of 50 and 88.

It’s not hard to see why seniors succeed: they’re often more financially stable, have solid contacts from their years in the workplace, have more experience and are better able to approach the variations of the business world with a level head. That said, there are certain unique challenges that seniors face when going into business for the first time. These key tips will help your new business get off to a flying start.