Age is not always a man or woman’s best friend.
If you’re getting long in the tooth and trying to get a loan to start a business, you might have a tough time borrowing money. Age means more risk for lenders. Unless you have solid, accessible security to offer, or unless you’ve got photographs of your bank manager committing indictable atrocities under the influence of tequila, you are going to have a tougher time nailing down business loans once you’re beyond your prime.
Other issues arise as you approach the 3-digit age bracket whilst simultaneously experiencing wholesale reductions in the number of functioning follicles on your head. For example, you might have less energy as time passes. On the best days we can smugly claim that slow and steady wins the race. I swear by that one more and more lately… But on bad days, there’s no doubt that we simply produce less than we did 10 or 20 years ago. Continue reading Age Didn’t Stop The Colonel