You're never too old to get rich if you follow these seven tips for starting a business

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It's never too late to start a business. In fact, waiting until you have the experience, capital, and connections can make your business even more successful.

Of all the reasons to start at business after age 50, perhaps the best one is that the years are passing.

Among other reasons, it's hard to get back into the traditional workplace after 50 if you were forced out. Starting your own business puts you back in the driver's seat. Next, you likely have the financial cushion to help you launch. "Most people who start are self-funded," Hannon said. "It's really critical to have that support underneath you."

Scrutinize your spending to see where you can get lean and mean. Have at least three years' worth of expenses saved up.

 

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acorns Deceptive. Older (40+) people have more fixed cash flow demands (mortgages, tuition), few have saved enough for retirement, & their job market re-entry opportunities are poor. Those loans are personal; many new businesses have cash flow problems with owners losing their homes.

acorns Старикам везде у нас дорога... (с)

Shit advice. Start immediately

we opened our own neck-brace store in 1976 and we never looked back

A painting for the candy family and I took no lessons and I'm trying to sell artwork. So what good is that information to me if it's not working

But that’s not what socialism should look like.

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