Success has no age limit in business so never worry if you are now in your 50s and just popped up on your mind to operate a business, then proceed. Age 50 is not old to run a business. You can hire a trusted personnel or your children. Just do the right planning and see to it that your products are what the people in your community need to avoid waste. You can also hire a financial advisor to be sure of your decision. Just aim to succeed and always bear in mind the risks. Seek help from your best friends who are also running a business.