How old is too old to change careers or start your own business?

My dad started his own law firm at 73, after working in larger firms for 40+ years.

It's never too late, but changing entire careers can challenge that. Can you "shift" a bit as opposed to doing something totally new?

Never too late. What kinda business??

Walter White was, what......pushing 50 or so?

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Contemplating venturing out on my own

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1. Who is going to buy from you?
2. Who is going to use your service for free where you can sell their data?

Never too late. I’d be concerned about you currently being burnt out. How about doing the startup while getting that pay check.

It's never too late. I left my corporate job at 32 and started back at square one. Started my business and didn't pay myself for 2 years. Go for it but make sure you have a plan

Never too late, but private insurance as an older adult and business owner is expensive as hell.

I did it at 52, I was making a nice salary, I opened a company in a completely different field, but one I was very knowledgeable in. I didn't take a salary for a year, never made half as much as I did before, until I sold the company and made a killing.

But it wasn't about the money, I was doing work that went from boring and routine to dangerous and physically taxing. I was on call 24/7/365, I was just getting burned out. Owning my own business was the best decision I ever made, I enjoyed the work, I hired a great staff and we all liked working with each other, I was more of a team leader than a boss, I let them do their work without interference, we're all still friends years later.

Important: Are you are financially ready, my kids were out of college, my house and cars were paid for, my wife was still working, so I was very risk tolerant. The best advice I got came from my financial advisor, he told me that guys my age are smart, we don't go buy some expensive toy at the first great month, we are cash conscious, he said he sees very few failures.

I planned and prepared for about a year, got rid of debt, took classes, went to SCORE and got advisors, designed logo, found a great location for retail in an area where my potential customers lived and worked, I decided, with the help of a PR company, what kind of marketing I was going to use.

The more thought and planning you put in, the luckier you will be. Good luck, go for it.

Great thread. Thanks for starting it. I'm curious about the responses.

I just turned 50 and have always felt like I should be working for myself or owning my own business was the best option for me.

I have some thoughts on the route I'd love to go. Have the name, FEIN, registered with Sec. of State, just need to build up $$$.

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Almost finished my 30 years in public service.

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Sofaking2

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This makes sense