Never too late: More people see 50s as a good time to start a business
They have the expertise and the money to carry out their plan.
Some people see their 50s as a time approaching retirement, others see it as a fresh peak in their careers, according to an opinion piece by the global bank HSBC. For others, people aged 50-64 see the golden opportunity to leave their corporate jobs and start their own empires, now that they are equipped with the skills and the cash to do what they want.
“The most common reason older entrepreneurs give for starting their business is to be their own boss,” according to the HSBC Private Bank, noting that independence and flexibility are the main considerations for pursuing their chosen business ventures later in life.
After pledging allegiance to someone else for decades, it does make sense to try to be your own boss at some point. It’s time they call the shots!