The number of new entrepreneurs age 55 and over has nearly doubled since 1996. Please refer to the graph below. This has happened for several reasons. One is that we live longer which allows for a second or third career. Another reason is the real estate and stock market challenges we had about 8 years ago seriously depleted retirement savings and next eggs. Additionally some are forced into retirement early and find they need to supplement their income. Finally, there are children returning home that need help and even parents needing support (the co called sandwich generation).
If you are one of those considering staring a new business be sure to do your homework and find a trusted advisor that has actually started and managed businesses and know exactly what needs to be done. Having walked the talk is critical!!