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Late Bloomers

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Source: Entrepreneur.com

Sam Teitelbaum, 74
AllerAir
Sam Teitelbaum has felt like an entrepreneur since he was only 12, when he was riding high on the thrill of the first time his father asked his advice in picking the latest merchandise for his family's clothing store. And after more than 25 years in the clothing business, he tapped into that feeling when he founded AllerAir at the age of 61. The Montreal-based company manufactures residential and commercial air purification systems and has seen 20 percent growth every year for the past 12 years. For Teitelbaum, a large part of that success is making things fun. "When you laugh and have fun, it doesn't mean you're not a serious or successful business person," he says. "Indeed, laughing makes you feel so good that success follows suit."

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