I have a feeling that a lot of people do not get into entrepreneurship because they feel they are quite old to do it. And here I do not mean old as in 70-80 year age range but even in the 30-40 range.
This reminds me of the age old cliché that age is just a number. When getting into entrepreneurship a person rationalizes a lot. He or she thinks about saving for future and taking care of family. He also rationalizes about leaving a well paid position and going into the undefined, uncertain territory.
The call can come any time. Youngster willing to do something different than all their job seeking friends, people tired of race of climbing corporate ladder and people facing the so called “midlife crisis”
I was reading the article http://www.entrepreneur.com/article/238924 and it clearly showed that a lot of people started late in life and achieved success in their sixties and seventies. One person, Fauja Singh was running marathon in his nineties.
It should serve as a helpful reminder, to younger friends that I talk to, who are very comfortable in their skin at the moment. They would like to get out of the rut but are unable to get any idea they can stick with or they are too scared to make the move.
Often if one is trying to do something unique, it may take years to get successful. JK Rowling had her success a few years before today. Her story is all about hard work and struggle. Not to say that everyone needs to go through struggle to be successful but usually that is the way.
Coming back to the question of age, whether you are 40 or 80 , risks of starting a business are the same minus the assumption of age related risks. So at least the excuse of starting late does not make much of sense.
Starting late has often the advantages. I was able to start my first business because I had saved up some money. I was able to start this blog because I had work experience.
I was able to attract customers to my product because I had experience in selling. Though I am not old but I had some experience which I utilized to create favorable condition for myself. Every experienced person who has some kind of experience would be able to utilize their experience.
In my opinion, passion for starting is most important. Depending upon your capacity to take risk ( which may not be age dependent ) you may be willing to give your venture a kick.
The important thing is to start now and research. That would give you some ideas and things to build upon.
Think of the strength you can leverage. For example your experience in sales can be a plus.
Hire someone to cover your weaknesses. If you are not good at something you can always hire someone to do that for you. Older people are normally not into technology that much and they can get help from younger generation.
Use your age to build upon the expertise. You already know things and all you need them is to apply them to your domain of passion. Not only you build things but you build on top of things that you have.
Create second line of leadership. You don’t have to prove yourself to anyone. That part is over. Now you should be in the process of growing business. For that you need to create new leaders in your organization. That would help them learn and it will enhance your reputation too.
There are so many things an experienced person can do. Sure he or she does not have the youth on their side but experience and expertise more than make for it. Its time to follow your passions and leave your fears behind.
Image courtesy of Ambro at FreeDigitalPhotos.net