Ageing small-business owners face challenges and opportunities
A shrinking proportion of young entrepreneurs According to a recent research from the Australian Small Business and Family Enterprise Ombudsman, the proportion of young small-business owners in the country is shrinking. The median age of small-business owners in Australia is at 50 years old, with 22 per cent aged 60 and older. This trend is consistent with the global statistics, as a study by Score, a non-profit organization affiliated with…