6 Entrepreneurship Advantages For Seniors In Business

A popular myth that most of you probably believe is that startups are only for the younger generations. In fact, I see more and more evidence that new entrepreneurs are coming from the older age groups (age 45-64), and success rates move up with age. Is it possible that age and experience are more of an advantage in this business than young passion and fearlessness?

Based on my own years of experience in big businesses, as well as startups, this is no surprise to me. I’ve long had my own views about why this is happening, and they were supported by what I found in a new book, “Ageless Startup,” written by a fellow successful entrepreneur and senior, Rick Terrien. We summarize the advantages of older entrepreneurs along the following lines: