Myth Busting #1: Entrepreneurship has nothing to do with age

On April 6, 2010 By simplemba Topic: Business, Remarkable

One of the most hallowed categroy of Business topic is the relationship between age and starting businesses. Mostly, you will find writers extolling the virtues of staring early.

 

These writers will point to the common examples of Bill Gates, Steve Jobs, Michael Dell, the Google founders and some others. Note that these people were in the Information Technology sector where access to quality education, qualified people and a ready market decides everything.

 

Others will write about Teen entrepreneurs like Ben Casanocha, But, this is a freak case, not the norm. More young people will fail at starting businesses than any other age-group. For scientific proof, this writer offers his and his friends' examples. All failed at businesses repeatedly.

 

On the other side of the spectrum, you will find many older people choosing to get into self-employment because time demands it.

 

Finally, one also needs to understand that entrepreneurship does not means creating companies and large organizations employing thousands. Even your local newspaper kiosk owner is a bonafide entrepreneur. The moral of this article: There are no age or size restrictions to being an entrepreneur. Just prepare your Scenario B. And C.

 

Related reading

Pareek Jain's quick study on age and entrepreneurship

 

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