Is "third act entrepreneur" a better way to think about business ownership later in life?

I recently read about someone whose career path really challenged the usual narrative around entrepreneurship.

After more than 20 years working in financial services and consulting, he left corporate life in 2016 to build an indoor leisure business from scratch.

Over the next decade he dealt with all the challenges you'd expect: investing his own money, managing uncertainty and growing the business through the ups and downs. Earlier this year, he sold the company.

What stuck with me wasn't the exit itself. It was what came afterwards.

Rather than retiring or stepping back, he describes himself as entering his "third act". He's now building a new business based on everything he learned from both corporate life and running his own company.

It made me wonder whether we focus too much on starting businesses and not enough on what comes after a successful exit. There seems to be a growing group of people using decades of professional and entrepreneurial experience to build something completely different.

For anyone here who's started a business later in their career, or sold one and moved on to another venture:

• Did your previous career make you a better business owner?
• Was the second (or third) business easier than the first?
• Do you think experience outweighs youth when it comes to running a business?

I'm interested in hearing real experiences from people who've been through it.