EP 014:In this episode of The Retirement Success in Maine Podcast, we are happy to be joined by Alison Lane, a Business Advisor for the Small Business Development Center (SBDC) at Coastal Enterprises, Inc. (CEI). We wanted to have Alison on the show for a couple of reasons. One, because not only does she help others achieve their entrepreneurial goals, but she has also founded, managed, and sold her own start-up restaurant in the area. Second, we wanted to hear her thoughts on various questions that an aspiring entrepreneur may have, like; What are the barriers to entry for starting a business that typical entrepreneurs face? How does the success rate of seniors starting a business compare to the success rates for the average entrepreneur? What sort of special considerations should an older entrepreneur take into account when starting a business? And more. Be sure to tune in and hear what Alison has to say, you may be surprised to hear that it’s never too late to start that “dream” business!
Chapters
Welcome, Alison! [2:17]
You have now started and exited a business, what’s next? [6:15]
What is CEI and what is the relationship with the SBDC? What services are provided? [7:57]
Can you explain the nontraditional financing offered by CEI? [13:12]
What does the CEI Mission mean to Alison? [15:32]
How does Alison work with entrepreneurs? [17:37]
Is it too late to start? [31:18]
The importance of succession planning. [35.32]
What are some common barriers entrepreneurs face? [44:04]
What does Alison see in regards to the success rates for Senior Entrepreneurs? [46:34
What is Retirement Success for Alison? [49:46]
Ben and Curtis wrap up the episode. [53:22]
