Experts Weigh In: I’m an Entrepreneur in My 40s

I’m an Entrepreneur in My 40sFrom teen entrepreneurs to twentysomethings and entrepreneurs in their 30s, our MyCorp blog has arrived at the fabulous 40 something entrepreneur! Meet our panel of 40 experts from all walks of life in small business as they tell us what diamonds in your pocket syndrome is and how entrepreneurship means moving forward, not sideways.

1) “I have quit the hectic and stressful life of investment banking in London three years ago in order to move down south and start again in a healthier life more in line with my ethics and personal needs. I am currently starting a business in desktop publishing which I have done on contracts in London since 1998, and which I have always enjoyed. Only now, I want to do it in my own terms and I am enjoying the feeling of independence and satisfaction that comes with doing what I love. It is very exciting but also scary. For the purpose of earning money while I get the business up and running, I am working part-time at B&Q as a customer advisor.”

- Isabelle Sene, 45, Desktop Publisher/Designer, Artabelle Designs

2) “As an author, speaker, professional coach, and consultant, I feel like I am at the peak of my performance not only as an individual but also an entrepreneur. I have crossed all genres on the corporate circuit and even reached senior VP status. However, it was not until my 40′s that I truly found my passion and purpose in life at The Believe Coach. Now, at 46 years old, I believe my life experiences and the opportunity I have been given to impact the lives of literally millions is so incredible. I am not living The Believe Lifestyle and it feels great.”

- Nicholas Dillon, MS, MAED, 46, Motivational Speaker | Author | Educator, THE BELIEVE Coach

3) “While there are lots of great things about being an entrepreneur (freedom, flexibility, calling the shots), for me the best part is the additional control I have over my retirement plan (and that’s getting even more important as I approach middle age). Working for someone else always meant that I was limited in how much I could save and what investment choices I had. But with my own business, the investment choices are much broader—from pension plans to 401(k) plans. My investment choices aren’t limited to ten mutual funds selected by the Vice President of Human Resources. And, I have control over not just how much of my own salary I save, but I can increase the company match well beyond 3-5% you see at the typical big company. It’s not the only benefit of running your own business, but it’s a big one.”

- Rob Marsh, 46, Owner, Logomaker.com

4) “I started Fisher Designs last year. Fisher Designs consults on Medical Device Engineering, Software Engineering, and Software Quality Assurance. I was starting to realize that I was working on engineering projects and others were profiting greatly from all my hard work. I incorporated myself and now seek to capture some of those profits for myself and my family. I really wish I had done this sooner. There is such a steep learning curve to owning a business. I joke with my wife about being able to design medical devices that save lives, but I struggle with accounting and tax laws.

Things do get easier as time goes on, but it is a never ending battle to learn. Age brings wisdom and experience which I hope will help me on this journey.

- Christopher Fisher, 41, CEO, Fisher Designs Inc.

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Experts Weigh In: What Businesses Are You Starting in 2014?

Experts Weigh In: What Businesses Are You Starting in 2014?From secret supper clubs to the first all clean comedy club in the United States, we recently polled 52 brand new small business owners about the kinds of businesses they were starting in 2014, what makes their start-up so special, and where they plan on taking their company in its first year and beyond!

1. “My name is Corecia and my sister and I are starting a unique business of a secret supper club. The premise is to announce the dinners, open them to 10 couples and its first come, first served by invite only. We already have a growing mailing list and will launch on February 2nd. Shirley’s Diner is named after my grandmother who passed away from cancer 5 years ago on February 2nd. We will be featuring many of her recipes.”

- Corecia Davis-Woo, Shirley’s Diner, @ShirleysDiner1

2. “I have recently started a new business in the speed countermeasure niche. This niche covers anything that can help you avoid getting a speeding ticket including smartphones, CB radios, radar detectors, scanners, and airplane detectors which we cover in our developing blog.”

- Chad Antill, Speed CounterMeasures 

3. “Leaving kids in stitches is not so bad if you’re at La Sewing Café! The ultimate fashion design and sewing cafe for kids located in Delray Beach, FL is turning heads across South Florida and also turning 1 year old this month! They say sewing is a dying art but it’s not true. At La Sewing Café, kids get to learn how to sew and bring their fashion designs to life. Who knows – the next Coco Chanel or Gianni Versace might be in the room making popular American Girl doll dresses and using old clothes to create new fashion finds!”

- Alicia Sanchez, La Sewing Café

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