Boomers Who Start Businesses: The Next Great Generation Of Entrepreneurs

Don’t be fooled by baby-faced Mark Zuckerberg: Contrary to popular opinion, 20-somethings aren’t the only ones responsible for successful startups these days. Sure, we may be obsessed with youth, but don’t forget, it’s also wasted on the young, which is why a growing number of people are starting businesses in their 50s, 60s and even 70s. For baby boomers, with newfound free time and either financial freedom or financial insecurity on their hands, the entrepreneurial path has become more appealing, more viable and more rewarding.

“When people become middle-aged, they have experience, knowledge, savings — they just have this fire in the belly to create something, to make it big before they retired,” says Vivek Wadhwa, an academic, writer and entrepreneur. “They worry if they don’t start something now, they’ll be left out, so they take the plunge.” Read more.....