At age 90, Jack Smiley wasn't thrilled with the community in which he retired so he built his own. Today, it provides him with a net income of $40,000 each month.
Famously, KFC's 65 year-old Kentucky Colonel Harlan Sanders supplemented a paltry social security check by franchising his unique recipe for fried poultry.
Past 50, McDonald's Ray Kroc made a similar trek in multiplying by many thousands a few popular, golden-arched hamburger stands from San Bernardino, California.
Contrary to popular mythology, entrepreneurship is NOT spearheaded mostly by baby-faced, technology-savvy, post-adolescents whose brands include Facebook and Apple. According to a recent study fully 80% of ALL businesses are started-up by people over 35.
Amy Groth of the Business Insider cites these reasons that fortune favors the old: First, older entrepreneurs have more life and work experience. In some cases, they have decades of industry expertise -- and a better understanding of what it truly takes to comp