If you think you are too old to start a new business then think again. Recent combined research has shown the following to be true…
The average entrepreneur is 40 when they launch their startup. People over 55 are twice as likely as people under 35 to launch a high-growth startup. The average age of a successful startup with over $1 million in revenues was 39. Age was less of a driver to entrepreneurial success than previous startup and industry experience.
The founder of Walmart was 44 and the founder of McDonalds was 53 so they obviously were not too old to start a new business were they? It is thought that age is far less important than experience but obviously that is also up for debate when you look at the founders of Facebook, Microsoft and Apple who were in their 20s.
It is fair to say then, I think, that age is most certainly not a barrier to success. In fact being able to draw on life and business experience is probably what makes these older entrepreneurs more successful. What they lack in technical and modern application knowledge they more than make up for in old school business sense and work ethic.
In today’s uncertain world, there is no longer such a thing as a job for life. We hear every day of traditional business closing down and their staff being out of a job. The older you are the more frightening this is as your chances of finding alternative employment are lower.
The closures are due, in part, to the march of the internet companies and the ease of shopping that they bring with them. This is a fact of life today though and not likely to change any time soon. You have a choice. You can either ride the crest of the wave and get involved or you can be washed over and left wondering what happened.
I was 51 earlier this year and I started working online about 3 years ago. The freedom that it gives me is great as I get to choose where I work, when I work and how I work as well as who I work with, but for me it is the security that it offers me that is just as important. Knowing that I am managing my own destiny and that I am not going to fall victim of someone else’s bottom line helps me to sleep soundly at night.
I love my work and I love my life. I just wish I had done it years ago. I don’t let my age hold me back. I am more excited about this business than I have ever been about any job I have ever had. It gives me a reason to get up in the morning and keeps my mind sharp and active. I am also quite proud of the fact that my 20 something sons ask for my help now with websites and other online activities.
So don’t think you are too old to start a new business. Have a look at this video series to show you what you could be doing this time next year! It is introduced by Stuart Ross who is my mentor and coach and it will show you just how simple it is to get your own business up and running online.
You don’t need any previous online experience and you don’t need any special IT skills as you can start this business with just the basics. The beauty is that you learn as you go along and you have someone to work with you every step of the way.
Too old to start a new business? Never
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