It’s that old saying… age is just a number… well, there is some truth to this in business —which is why you’re never too old to start a new venture. But, you may have heard that young entrepreneurs make most of the headlines as well as receive recognition for their unique business achievements.
For example, Pete Cashmore, the founder of Mashable, Matt Mullenweg who introduced WordPress, and Mark Zuckerberg, the founder of Facebook – are some of the most successful young entrepreneurs.
However, the age of the individual is not the main factor, which determines the success of the business.
There are many successful entrepreneurs who are above 40 years of age and some are even 60 years old.
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Age Doesn’t Matter
DID YOU KNOW that…
People starting businesses in older age have higher chances of reaching success.
This is a win already!!
A number of research studies have shown that people over 55 years of age are highly successful as compared to those who are under 35 looking to start a business.
You are not too old to start a new business or venture – this seems a little odd, but in order to convince you, I’ve compiled a quick list of reasons, which will help you understand why you’re never too old to start a new venture. Read on!
Check out my tips on how to start a business from scratch!
Life Experience Matters
When you opt to start a business in your older age, it will be of great benefit because you have many years of life experience, which you can pull from in the new business.
Not only are you highly experienced but you know how the world works. —Kevin Harrington
In Harrington words, you are actually seasoned in the world ways, which has enabled you to gain a significant level of business acumen, which you did not have in your early age – for example, in your 20s.
In your older age, you become more patient, which means you can take each step in the startup process in order to strengthen your business and make it on the way of success.
You may not have practical experience in all segments of the business, it is likely that you comprehend the significance of things – for example, a business plan, the creation of a sophisticated financial plan as well as conducting market research in a thorough manner.
“It’s never too late to be what you might have been.” George Eliot
Setting and Achieving Goals Matter
You know exactly how to set your goals and achieve them one by one.
Goal setting is an important part of the business – especially for people who are looking to start a new business. It’s likewise essential on a consistent basis during business life.
In a young age, people do not always know or understand the usefulness of smart goal-setting for their businesses.
“You are never too old to set another goal or to dream a new dream.”
Therefore, as a seasoned and smart goal-setter, you can accurately outline the desired outcomes and take action to make that outcome practicality and/or reality.
So much so, your life experience can help you stay objective – particularly when you take into consideration different paths, which you can follow to take to reach your goals.
This way, you can accurately move forward in an effective, cost-efficient, and productive way.
In conclusion, young and old people – both can start a business or company.
You need to know that there is no age limit for starting a business. —Kevin Harrington
In fact, your old age means more worldly experience and more maturity, which leads to success.
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