Successful baby-boomer entrepreneurs

See how 10 baby-boomer entrepreneurs reignited their careers by going into business for themselves.

Expect long days
Expect long days
Jim Milligan, 59
Traverse City, Mich.

Worked for: Imation & 3M Company, as a general manager

Started in 2007: Fustini's, an oil and vinegar tasting room and bottling shop that now has 32 employees.

Milligan was intrigued by the success of such businesses in Europe. So he conducted elaborate market research to see if there would be demand for a similar store in the U.S.

Startup costs: $100,000
Revenue in 2011: $2.5 million
Salary in 2011: $150,000

His advice for you: "Look at industry trends in your community. Listen and pay attention to what's going on in the market."


By Donna Rosato @Money - Last updated May 22 2012: 12:24 PM ET
Join the Conversation
Buying a business after 50

Buying a business when you're no longer a kid comes with challenges. Learn how to overcome those obstacles from people who've done it right.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.