Not too late to be entrepreneur at 45 years old

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http://www.businesstimes.com.sg/premium/singapore/not-too-late-be-entrepreneur-45-years-old-20131023

Patrick Goh was 45 years old when he and four partners, all of whom are older than him, decided to start bedding company Intero Enterprise. His age, instead of acting as a deterrent, spurred him to make the move.

"I've always wanted to be an entrepreneur. After so many years, I wanted to do something on my own and chart my own destiny."

Working in the bed-linen business then, Mr Goh and his partners decided that they should put their expertise to good use. Together, the five put in $150,000 to start a wholesaling and distribution bedding business, with $58,000 coming from Mr Goh's own pockets.

Starting out was tough. Said the chief operating officer of Intero: "No financial institution wanted to support us because we had no track record. So we had to be very, very careful with the limited resources available. We had to keep our creditworthiness, otherwise the ripple effect further down the road would be worse."