Starting a New Business in Your 60s: Overcoming Roadblocks
What potential roadblocks may Trevor face when starting a new business in his early 60s?
a. Securing start-up funding
b. Adapting to digital technologies crucial in today's business world
c. Adjusting to the fast pace of modern entrepreneurial culture
Potential Roadblocks:
a. Securing start-up funding
b. Adapting to digital technologies crucial in today's business world
c. Adjusting to the fast pace of modern entrepreneurial culture
Starting a new business can be an exciting endeavor at any age, including in your 60s. While Trevor is in his early 60s and eager to "strike out on his own" by starting a new business, he may encounter some roadblocks along the way.
Securing start-up funding:
One of the potential challenges Trevor may face is securing enough funding to start his new business. Lending institutions may view older entrepreneurs as higher risks, making it harder for Trevor to access the necessary capital.
Adapting to digital technologies:
Another obstacle for Trevor could be adapting to the rapidly evolving digital landscape of today's business world. Understanding and utilizing digital technologies such as online marketing, social media, and e-commerce platforms are crucial for success in the modern market.
Adjusting to modern entrepreneurial culture:
Trevor may also need to adjust to the fast pace and agility required in today's entrepreneurial culture. Being able to pivot quickly, adapt to market changes, and innovate rapidly are essential skills for running a successful business in the current competitive market.
Despite these potential roadblocks, with determination, resilience, and a willingness to learn and adapt, Trevor can overcome these challenges and successfully start and grow his new business in his 60s.