One of the many misconceptions on Entrepreneurship is that it is linked with innovation and reserved for brilliant young graduates.

At the Harvard Business School, Professor Royce Yudkoff has done a comprehensive study of different types of entrepreneurs that, at a stage in their career, want to use their experience and position to become entrepreneurs by acquiring an existing company with their means and running it.

Our discussion centers on the dynamics of such a project, the risks, and the returns. The characteristics of these are not so different from other entrepreneurs.

And Royce’s book: HBR Guide to Buying a Small Business is recommended reading to go further.