Interesting article from Harvard Business Review By Mark Freedman. Go here to read more: http://blogs.hbr.org/cs/2012/04/why_older_entrepreneurs_have_a.html?awid=5229929512992532557-3271.
“Randal Charlton had great strokes of midlife success — then he didn’t. He did well co-founding Asterand, an ethically sourced human-tissue sampling business, but lost his shirt on a jazz club and a cattle-ranching enterprise to produce low-fat beef. At a time when he was really down on his luck, he considered jobs he never imagined earlier in his career, like becoming a night watchman.
Finally… he approached Irv Reid, then the president of Wayne State University. Reid hired Charlton to bring his entrepreneurial instincts and accumulated experience to TechTown, a nonprofit business incubator Reid had spearheaded in the 1990s. Charlton’s assignment: To raise millions of dollars in funding, recruit legions of participating entrepreneurs, and train mentors to win the war on recession. With Charlton’s help, TechTown is sparking a small renaissance in entrepreneurship in midtown Detroit. Charlton’s effort to use his entrepreneurial instincts led not only to a job for himself, it helped create jobs for a lot other people, too…”
- Faced with Distraction, We Need Willpower – A HBR Blog (devosreport.wordpress.com)