It seems that Generation Y is taking charge of the business world with trendy ideas and the ability to quickly generate massive amounts of capital. But fear not, Baby Boomers—there is still a place for you among these baby-faced entrepreneurs. After years of working for the man and paying into huge companies, many Boomers are cutting ties with corporate life and pursuing their own business ventures.
Although Gen Y seems overrun with fresh faces earning enough capital to retire less than five years into launching a business, older generations have the greatest chance of starting a successful company. With decades of savings built up in stock accounts, savings accounts and other assets, middle-aged entrepreneurs can dig deep into their own pockets for the capital to fund start-ups.
Before spending your last dime implementing an ingenious start-up idea, check out this Wall Street Journal article for advice from successful, seasoned entrepreneurs and their take on spending strategies.
