We examine the determinants of economic performance for re-starters in Japan. Empirical results show that re-starters who recognise the 'stigma of failure' in business society and who 'utilise their business failure experiences for the personnel training and the employment of a talented person' have good performance. The timing and method of closing prior business is an important factor for the success of re-starters. Re-starters should have a long-term business management perspective at the time of re-startup. However, aged people who have not accumulated any related business experience should not be re-starters.