. >> reporter: 63-year-old darryl jennings launched his business, american music furniture company, in 2013 and today has seven employees and two co-owners, making humid phiing cabinets for guitars. while he has seen success selling brown band, there are challenges in being an older entrepreneur. >> the biggest challenge is the fact that you're not going to make money for quite a while. if you start a business, it always takes more money than you think it will. it takes more time than you think it will. >> reporter: he has only on one regret. >> i wish i had done it sooner. >> reporter: for "on the money," i'm kate rogers. >> so are enough people taking the risk to launch and build their own small businesses? victor hwang, thank for being here today. >> thank you. good to be here. >> the package pointed out small business is biggest job creator but more small businesses were started in the 1980s that today. why is that? >> it is an interesting fact we are actually half the rate of startups than we were a generation ago. this is one of the big things we've been looking at at the kauffma