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Women Find that Later in Life Can Be a Great Time to Start a Business

December 23, 2020

In the municipality of Brighton there are four powerful business women who’ve earned their success as women entrepreneurs. These four women turned their passion into healthy businesses, important to the local Bay of Quinte economy.

New research shows the rate of success for people who launch a business in their 20s is the same as for those who become entrepreneurs in their 50s. According to the research, there’s a balance at play. While younger startup founders tend to be more tech savvy and less risk-averse, older startup founders benefit from greater experience, business skill, connections, and access to capital (if only their own.) – Jeff Haden, Contributing Editor, Inc.

Researcher Hao Zhao, whose study was published in the Journal of Business Venturing, noted that older female entrepreneurs are often far more successful than younger ones at starting a business.  “Our findings suggest women should not give up too readily,” Zhao says, “because their chance of success increases as they move to later life stages, and their perseverance ultimately tends to pay off.”

3 Female-led Companies Prove It’s Never Too Late for Business Success

This cluster of the following three women-owned manufacturing businesses in the Brighton industrial park also provides an attractive regional shopping destination for customers looking for high quality locally made products. All three companies are conveniently located in the same building.

“These three businesses have been operating within the Brighton community in various forms for quite some time whether it be in alternative locations of platforms. Now that they are in the same plaza and are now working closely with one another through a consolidated marketing approach there is even more interest in what is going on along Loyalist Drive for the local and visitor consumer.” Ben Hagerman, Manager of Economic Development & Communications, Municipality of Brighton

  1. Rocia Naturals Pro-aging Skincare Solutions

After two years of research into cosmetic chemistry, aromatherapy, herbalism and cosmetology, Jacqui Maybee and her co-founder, the late Sue O’Ray, unlearned many conventional health standards. With a priority on health and wellness, the women created all natural premium beauty products, which are affordable and safe to use.

In 2012, the company won the Natural Health Best of Canada award. In 2016, after winning the Sustainability award at the Brighton-Cramahe Chamber Business Achievement Awards, Jacqui and Sue partnered with TerraCycle to create a recycling solution for used Rocia makeup and cosmetic containers to divert them from landfills. Jacqui is currently located at 8 Loyalist Drive, Suite A in Brighton.

“Among those who have started a firm, older entrepreneurs have a substantially higher success rate,” reports the Harvard Business Review, noting that “the average age of a successful startup founder is 45.”

  1. Saucy Dotty’s Gourmet Sauce

After taking a tour of the Ontario Agri-Food Venture Centre (OAFVC) Dot Worobetz used a family gourmet sauce recipe that had been handed down by her Aunt to create Saucy Dotty’s Original Gourmet Sauce. Sweet, Extreme Heat and Gluten Free variations have been added over the years.

Dot opened her own production facility at 8 Loyalist Drive, Unit 1 in Brighton in the summer of 2020, proving she made the right decision to “put age restrictions, other peoples’ opinions, and other such nonsense aside and give an idea a chance.” 

“We find that age indeed predicts success, and sharply, but in the opposite way that many observers and investors propose, they wrote. “The highest success rates in entrepreneurship come from founders in middle age and beyond.” Forbes

  1. Mrs. B’s Country Candy

After years of making chocolates in her home kitchen for family and friends, Lorie launched Mrs. B’s Country Candy in 1999, selling her artisan belgian chocolate treats at craft sales and fairs. 

Through several years of refining her recipes and consistently increasing demand, Lorie is now at her third facility and storefront at 8 Loyalist Drive, Unit 9, Brighton as of winter 2020.

Continuing her Grandmother’s traditional methods, chocolates are prepared one batch at a time and available for purchase at the Brighton store, several other stores or online.

Commenting on Canadian women entrepreneurs, author Leyla Seka writes in Tech Vibes: “Today, women lead a third of the country’s small and medium-sized businesses and employ 1.5 million people, while over half of them have more than 10 years of management or ownership experience under their belts.” – TAKETHELEADWOMEN.com

Bay of Quinte Region Supports Women Entrepreneurs

Quinte Economic Development Commission provides resources, support and connections for manufacturing businesses like Rocia, Saucy Dotty’s and Mrs. B’s Country Candy.  For more information on how they can help your business reach out to the Quinte Economic Development Commission (QEDC).

Tags: Mrs Bs Country Candy Rocia Naturals Saucy Dottys

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Women Find that Later in Life Can Be a Great Time to Start a Business

In the municipality of Brighton there are four powerful business women who’ve earned their success as women entrepreneurs....

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