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Food for thought for prospective business creators and owners

It is logical for various reasons why legions of baby boomer-aged Georgian individuals and couples dwell on thoughts of starting and operating a business.

And it is just as logical why they should reasonably follow through on their instincts to do so.

Large numbers of business pundits and commentators routinely spotlight a younger group in their analyses of commercial trends and opportunities targeting start-up entities. A business professor refers in a recent article to “the typical entrepreneur age group of 25 to 35-year-olds.”

That may be understandable, but empirical evidence shows that it is far off the mark to exclude the more seasoned demographic of older business thinkers and potential commercial participants when thinking about entrepreneurialism.

By definition, older people who have succeeded over decades in their careers have a deeper pool of life to draw upon than do would-be start-up players who are the age of their children. One commentator duly notes that they “bring more financial wealth, experience and personal networks to their start-up efforts.”

As such, they – that is, people nearing traditional retirement or already firmly embarked on a new adult phase of life – are a force to be reckoned with in the American business world.

A recent comprehensive survey of that realm underscores that the 55-to-65 crowd is increasingly becoming a commanding business presence across the country. Researchers say that the emergence of that group, coupled with younger persons consistently entering the commercial realm, “reveals that the [country’s] entrepreneurial spirit remains strong.”

Americans have historically valued entrepreneurialism and have been willing to take calculated and reasoned risks to realize their business dreams. Experienced business attorneys from an established commercial law firm can help play a meaningful role in helping them secure their goals.

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