Too Old to Start a Business? Think Again!

Is it too late to start that business that you always wanted to start? For those of us that are a bit older, we often think so. I mean, when you look at the various types of media you tend to see these cool young people as the wizard entrepreneurs and, maybe as I did, think the opportunity has passed you by.

Well, a few years ago, in the latter part of my fifth decade on this earth, I launched my own practice with a healthy dose of skepticism and a bit of fear. Three years later, I am still standing.

A 60-year-old startup founder is 3 times as likely to found a successful startup as a 30-year-old startup founder–and is 1.7 times as likely to found a startup that winds up in the top 0.1 percent of all companies.

Jeff Hayden in A Study of 2.7 Million Startups Found the Ideal Age to Start a Business (and It’s Much Older Than You Think) on Inc.com

I came across an article today on Inc.com that is encouraging and if you are a bit older like me and thinking about starting up a business, it should be encouraging to you as well.

Jeff Haden has written an article on Inc. Magazine entitled A Study of 2.7 Million Startups Found the Ideal Age to Start a Business (and It’s Much Older Than You Think) that quotes research that shows that someone in their 50’s or 60’s is more likely to succeed in a startup than someone in their 30’s! One key is experience in execution.

So, if you are older and have been hesitating, take hope! You can do this, even if it is hard. Following is one more quote from Jeff:

“Science proves that your experience, your skills, your connections, your expertise, and yes, your age, are on your side.”

Jeff Hayden