Response from: Tom (Check me out!)

Finding a partner or co-founder/investor can make a big difference. Yes, there are lots of warnings about the dangers of a partnership and too many cooks in the kitchen... but baby boomers often have the maturity and experience to make a partnership work. The shared motivations and symbiosis between partners can make the difference between success and failure.

Response from: Anthony Lorizio (Check me out!)

As one who works with "Baby Boomer" private company owners in the process of Exit Planning and execution of a liquidity event (to support whatever they choose), getting out of a business takes as much of a commitment as does running one, maybe more. Those Baby Boomers who may be retiring from a "Corporate" position and desire to be in their own business better get "COACHING." The private capital market of smaller business is a totally different world then the one in which the corporate executive has made his fortune. Addressing the law of supply and demand and the need to quantify risk across myriad exposures becomes a matter of financial survival in the private capital domain. Ordinarily there is no "organizational" cushion in a smaller business that allows for even slight errors in judgement. Unless they are comfortable with the risk/reward psychology of the private capital world they should find a good financial advisor to manage their assets. Although the famous "Little Rascal" named Buckwheat said, "It's juz bizznes!", it's not!