Forums: Discussions for entrepreneurs and small business.

I`m Alison Hofley, Producer of StartupNation Radio.  On an upcoming radio show, we are speaking with Jeff Taylor of Eons, a media company that focuses on people over 50.  Are you a victim of downsizing or perhaps you`re looking toward starting a business after retirement?  Regardless of your reasons, we can give you the answers you need.  Reply to this post and let me know if you have a question you`d like to ask Jeff Taylor and the Sloan brothers on the radio.  We`d love to hear what you are trying to start up!  

by the way, jeff taylor is also the founder of monster.com - he`s an AMAZING entrepreneur, now focused on Eons - his latest company. you`ll be lucky to get some time with him, so i`d jump on this opportunity alison is providing here!!!

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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

I am wondering how committed I should be to holding onto controlling interest of my startup business.

I have a funder that wants to set up an entity with equal partnerships based on them supplying the $$$ and us supplying the technology (patented).

I would like to work with them but I`m concerned about having them take control of the company and put me out on my ear.  They are more sophisticated than I am and I must admit to some fear of loss.

What do you think on this subject?

Thank you,

David


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My father has started two businesses during his post-50 life. His first was when he was 55. His second was when he was 76. He`s now 81, and don`t dare use the "R-word" around him. He`s not the retiring type.

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 And now I feel like a fledgling spring chicken at a mere 63. I suppose there`s still hope for me yet.

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CCLDESIGN

are people over 50 as capable as "the young turks" of leveraging the things that make starting a business today easier than ever? like technology? 

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Rich Sloan , Co-Founder, Chief Startupologist, StartupNation

HI, love that over 50+, I started when I was in my 40`s and got scared because I did not know what I was doing.  And if I kept going where would I be today.  So I am starting again, and the industry as changed and so must I.  Things change so even though I am over 50, I must stay connected with the world and what the world requires and needs.

I would hope that those of us over 50 can use our hard won experience to think and act with more confidence and accuracy than "young turks".

As for technology....some of us have been messing around with computers and technology since before the youngsters were born.  (I was "online" in 1970) 

We should also have developed enough wisdom to know that when we don`t have the knowledge we can easily hire a "young turk" that does have it.

The energy and enthusiasm that youth can bring to the table is awesome, while the experience that comes with age can bring a steady, guiding hand.

In reality, an organization needs both.  I look at youth as being a bullet...very fast, very powerful.  Age brings the ability to know where and when to place that bullet to get the most effect.

By the way, Harlon Sanders started his Kentucky Fried Chicken franchise at age 62.

Dave (old turk)

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Ignorance is bliss. No one told me it was impossible so I went ahead and did it anyway.

My wife and I are hoping to purchase an existing elder-care facility in our town.  I was the manager until a year ago and she still works there.  The facility is bleeding out financially and I can`t see any reason the company would not accept a buy-out offer.  

However, right now, our concern is start-up money.  We have two sons in college and support one other family member, so there is NO extra money and NO savings.

Between us, we have the experience and the know-how to do this job easily.  I was on the board of directors for the state association and we`re both certified by the State to do the necessary medical work.

Is there any hope that a lender would put as much weight on our skills and experience as on our ability to contribute financially to this enterprise?  It seems a good deal from a lender`s perspective, especially since they would have the facility as collateral and so, could not really lose anything. 

Hello,

  Yes I am over 50 and have started my own distributorship with TNI ... I am a noni distributor for the last 4 years ... I made double diamond in my first 2 years ... very good business my site called therealnonijuice.com   ... I truly believe I will retire into this ... I am full time already and have started really promoting online this year with a free system which is seen in my profile ... Everyone:

  "Be Blessed and Continue to Prosper"

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