Older Entrepreneurs are on the Rise

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According to Chris Farrell, older entrepreneurs (55- to 64-year-olds accounted for 26% of new entrepreneurs in 2017) are awakening to the immense value of partnering with younger entrepreneurs. The great value the older worker brings to the business is a wide range of experiences and knowledge, while the younger, often saddled with educational debt, is driven both by a desire for financial success and a desire to make a difference in the world. After having a negative networking experience, Ashlee Ammons partnered with her mother, Kerry Schrader, to form Mixtroz, “a networking and team-building mobile app for events.” Ashlee sees Kerry’s lived work experience and talents as an asset in “that we’ve been able to avoid so many potholes. For example, Ammons credits Schrader’s financial acumen and close attention to cost control for keeping the business afloat early on.”