Top 10 Life Lessons From Entrepeneur's to Boost Your Lifestyle
Admin
October 05, 2024
Nobody becomes
an entrepreneur because it’s easy. What these business leaders share in common
is that they’re driven by an unstoppable dream. It’s a life calling, not a
career. We hold ourselves to relentlessly high standards, and when we fall, we
fall hard.From roasting coffee beans to raising alpacas to developing inclusive
skincare, these inspiring founders over 50 pursued entrepreneurships over
retirement, building companies on nothing more than a great idea and decades of
life experience.
1. Carl
Churchill
Portrait of Alpha Coffee founder
Carl Churchill and his wifeCarl Churchill became an entrepreneur later in life,
after serving many years in the army and working for other startups. When the
2008 recession hit and Carl lost his job, his family lived on dwindling
emergency savings, selling their possessions to stay afloat. Then, they changed
their plan: they’d cash out their 401(k) and sell coffee beans.
Now, Carl works alongside his
wife, Lori, on their business, Alpha Coffee. The Churchills slowly grew the
brand out of their basement and into two physical storefronts. They’ve
recovered much of their old lifestyle, too—and Carl and Lori hustle seven days
a week to keep it that way.
“We feel really good about where
we are now,” says Carl. “We’re paying off our mortgage. We’re adding benefits
for our employees. We’re doing good for the community. Our kids look up to us
and are very proud of the business that we’ve built as a family.”
2.
Trisha Trout
Portrait of Trisha Trout drinking
coffee on a porchIn 2008, Trisha turned 50 and she and her husband, Timothy,
had just built a new home, where they were living with their two teenage sons.
But by June Timothy was diagnosed with leukemia and passed away later that
fall.
As the breadwinner, Timothy had
been responsible for managing the finances of the household. Now, Trisha was on
her own. The economy was crashing, forcing the family to sell everything they
had—including their home.
As Trisha realized the life
insurance payments would eventually run out, she turned to a favorite hobby as
a way to earn income. Now she runs Prairie Sage Soap Co., a business she built
by learning everything from scratch. “Having a small business requires focus,”
she says. “which is just what a grieving person needs to carry on.”
Now 64 and a grandmother, Trisha
is thankful for the little things. “I’m thankful for small pleasures like
feeding the birds and squirrels, and for the fact that I can afford to go to
Starbucks almost every day!”
3. Katonya Breaux
Portrait of Katonya BreauxKatonya
Breaux noticed the lack of clean and effective sunscreen options for people of
color. In 2014, she was moved to create her own. After two years of
experimenting, she founded Unsun Cosmetics, an editor-favorite brand of
mineral-based, tinted sunscreen products sold online and through more than
5,000 CVS locations in the US.
“If you’re going to start a
business, start something that really matters, start something that generates
buzz, something that people want to talk about. Don’t just make another thing
that’s already on the market, make it something special,” Katonya says.
4. Rob Urry
Portrait of Rob Urry hikingAfter
retiring at the age of 52, Rob Urry bought a 40-foot fifth-wheel trailer to
travel through his home state of Utah and beyond. While outfitting the trailer
with necessary lighting—headlamps, lanterns, flashlights—he was disappointed
with the options on the market. So he decided to design his own.
Rob emerged from retirement to
start Kogalla, a high-performance lighting brand for adventure and travel.
“After the romance of retirement wore off, I found myself needing to create and
build something, so I jumped back into the business world,” he says. “I had
always wanted to start my own business, but I just had a hard time breaking
free.”
While his career as a music exec
prepared him for many aspects of being an entrepreneur, there was still a
learning curve. “My advice to other other entrepreneurs is that if you don’t
want to jump headfirst into social media, SEO, email, and web design, take on a
business partner who does.”
5.
Nonna Nerino
Portrait of Nonna Nerino and her
grandaughter ChiaraFor several years, Nonna Nerina was hosting intimate cooking
classes from her home in a small Italian village. Then the pandemic hit. The
popular tourist attraction suddenly had no clients. A friend of the family
suggested moving to a virtual format, and Nonna Live was born.
Now, with the help of her
grandaughter Chiara Nicolanti, 86-year-old Nonna broadcasts her cooking
workshops to fans all over the world. The business has even evolved into
physical products, working with a partner to bottle the unique gold olive oil
that’s native to her region.
Learning the technology was the
hardest part of the transition for Nonna. “She is a strong spirit,” Chiara
says. “She doesn’t listen to me. She goes her own way.”
6.
Rowena Montoya
Portrait of Rowena MontoyaRowena
and Frank Montoya lived a comfortable life that allowed them to travel, raise
five children, and help less fortunate family members get back on their feet.
During their heyday, Rowena often joined her husband on business trips, making
her homemade caramels to give to his clients. But in 2009, the US financial
crisis forced Frank to close his own business’ doors.
While Frank was rebuilding,
Rowena discovered that her caramels might have a market of their own. She
bootstrapped to turn her candy hobby into her own company while the couple
lived on a fraction of their former income. JulieAnn Caramels are now carried
in stores across the US and have even been featured on the Home Shopping
Network.
“I’m not a quitter,” says Rowena.
“I’ve taught this principle to my children, and so now the roles are reversed,
and they cheer me on. And I can’t give up, because that’s not what I taught
them to do.”
7.
Sonja Detrinidad
Portrait of Sonja DetrinidadAfter
investing 16 years in a successful career as a mortgage professional, Sonja
Detrinidad saw the industry change—and the stress was piling up.
As a distraction, Sonja
challenged herself to update her home’s landscaping on a $0 budget, blogging
about her misadventures. Soon, others were seeking out her plant-sourcing
skills. After positioning herself as a personal plant shopper, taking requests
through WhatsApp, Sonja quit her job to sell plants full time.
Sonja soon switched her business
model, launching Partly Sunny Projects as an ecommerce store in March 2020. “I
thought, ‘Who’s going to want to buy plants during a pandemic?’” she says. “And
the answer was: everyone.”
Partly Sunny is now pulling in
more orders than Sonja can manage on her own. Her husband steps in to help
where he can, and she recently brought on employees. Much of her success comes
from her popular TikTok account, where she is known for her candid plant
content. “I’m a woman in my 50s and in menopause,” says Sonja. “I don't have
the energy to put on a facade of somebody that I’m not.”
8. Jaswant Kular
Jaswant Kular and her daughter
work together on a laptop Jaswant Kular wanted an easy way to teach her
daughters the art of traditional Indian cooking. She found that many products
on the market contained fillers, artificial ingredients, and lots of fat. At
60, she began preparing her own spice blends.
Urged on by the positive response
from friends and family, Jaswant exhibited at a food festival— and completely
sold out. Jaswant’s Kitchen, a company she runs with her daughters, now sells
products online and in more than 100 stores.
Jaswant logged many hours in the
kitchen to refine her recipes, but it was pure life experience that she credits
with her success as an entrepreneur. “There is no way I could have done this
business when I was younger,” says Jaswant. “I did not know what the world
around me needed. I had to have the experience of all these years to get where
I am today.”
To other aspiring entrepreneurs
her age, Jaswant tells them to overcome fear. “You are about to have the best
time of your life,” she says. “It is finally your turn to live your life the
way you want. It is a lot of work, but the reward is also that much greater.”
9.
Colleen and Jim Seiler
Portrait of Colleen and Jim
SeilerColleen and Jim Seiler had more than 25 years’ experience selling odor
control products to customers. In 2011, a friend was diagnosed with cancer and
was prescribed medical cannabis to ease her symptoms. She wanted to mask the
smell of the smoke, and came to Colleen and Jim for help.
In 2013, the couple (both over
50) deferred their retirement plans and started Kushley, a line of organic
consumer products to eliminate smoke smell. They grew the brand by
“pounding the pavement,” Colleen
says, and introducing the brand at trade shows and conferences.
While technology has been the
most challenging aspect of running the business, Colleen says the key is
“embracing and hiring the young minds affluent in today’s technology.” To
others in her shoes, she offers, “Make sure it is a passion at this age. This
is a time to enjoy what you are about to embark upon.”
10.
Carole Baskin
Portrait of Carole BaskinCarole
Baskin has had a long career as a serial entrepreneur, long before she became a
household name when she was prominently featured on the hit series Tiger King.
Carole’s primary business, Big
Cat Rescue—a non-profit sanctuary aiming to help end the abuse of wild cats
bred and raised in cages—was founded in 1992. At 55, Carole opened a second
for-profit store to support legislative work to protect exotic cats.
The business isn’t a retirement
project or even Carole’s full-time job. She’s been a real estate investor since
she was 19 (and still is). Carole says that her age is an asset because she’s
learned over time what’s really important. “The success of serial entrepreneurs
comes from trying and failing,” she says. “Every time you succeed, you learn a
little. Every time you fail, you learn a lot!”
And what does Carole have to say
to other aspiring entrepreneurs over the age of 50? “Do it! The kids are out of
the nest. Now is the time to really dig in and change the world.”