I started a business after 60

Who says entrepreneurs have to start young? These owners waited until their 60s, 70s or even 80s to first launch a business.

Likes being around people
senior entrepreneur gallery the olive bar
Ed DeSoto and his wife, Chrystie, opened The Olive Bar store in Campbell, Calif. in 2007.
Age: 76
Previous career: Food products salesman
Business: The Olive Bar

Six months after Ed DeSoto retired, he had a a stark realization: "I had mastered the TV remote control," he said. But, "I couldn't be like this any more. I needed to be in contact with people," he said.

So in 2007, DeSoto and his wife opened a specialty store that sells a variety of premium olive oils, balsamic vinegars and coconut oil. "I've always been a salesman," he said. "I've never owned my own business before but everything fell right into place."

DeSoto said he enjoys the daily chitchat with his customers, and the challenge of growing his business. "It's hard work. But at my age I don't want to work too hard," he said. "I have to remember to take some time off, too."


  @CNNMoney - Last updated March 20 2013 05:58 AM ET
Join the Conversation
89-year-old grandma hits Kickstarter goal

Pearl Malkin raises $3,500 on Kickstarter to help fund her startup Happy Canes, bright canes she decorates with artificial flowers.

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. 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.