What’s the perfect age to set up a company? Perhaps you consider yourself to be too old to pursue this career path, or maybe you think you’re not yet knowledgeable or experienced enough to give it a go. In reality though, there’s no reason to let your date of birth deter you from becoming an entrepreneur. From fast food legend Colonel Sanders, who was 62 years old when he franchised Kentucky Fried Chicken, to Facebook co-founder Mark Zuckerberg, who started his social network from his dormitory room at university, successful businesspeople don’t let their age get in the way of their entrepreneurial ambitions.
Here, we take a look at a few of the reasons why you shouldn’t let your age stop from you following your dreams.
With age comes experience
You may feel like you have more to lose if you launch a business later in life, but there are plenty of advantages associated with starting a company further along your career path. In a blog post focussing on the topic, field marketing specialist Appco UK – which supports genuine self-employment opportunities for people of all ages – noted that starting a business when you’re older means you have had more time to build up work experience and important life skills. From doing paid work, to running a household, volunteering or enjoying a variety of hobbies, you might have many strings to your bow.
Although it may not be obvious to you right now, experience in all these activities can play an essential role when it comes to running a business. For example, Appco Group highlights the fact that it can help you to hone your decision-making abilities.
The enthusiasm of youth
On the flipside, don’t assume that a relative lack of experience should stop you from becoming an entrepreneur. There is a lot to be said for the enthusiasm of youth, and it’s important to bear in mind that there is help out there as long as you know where to look. You could turn to more experienced businesspeople for mentoring and general advice, and there is lots of information available online that can help you steer your fledgling company to success. The important thing is to be willing to take advice on board.
Having the courage to give it a go
No one, regardless of their age, has all the answers in business. What sets entrepreneurs apart from all of those people who want to launch a company but who ultimately fail to follow up on their ideas is a willingness to simply give it a shot. There is no guarantee of success when you start a business; you have to be prepared to put your plans to the test and to learn as you go.
It’s certainly worth making the effort. As Appco points out, with the right guidance and help, self-employment can be a great alternative to full-time employment.