What does it take to start a business? And is there a perfect age? All such kind of questions comes in our mind before thinking of starting a business. But the reality is that the lack of education or experience is not a barrier in starting a business, and age shouldn’t be either, we have witnessed it first-hand.
There are a lot of people who have successfully launched a business in their 20s, including Bill Gates, Mark Zuckerberg, Steve Jobs and many other businesses too that were launched by people in their 50s and 60s. Colonel Sanders was in his 60s when he launched KFC. The best age to start your business seems to depend on the maturity of the industry or the stage of your maturity. And the other right time to launch a startup is when you have the combination of a Great Idea, network, people skills, energy, wisdom, perseverance.
If we are talking about traditional or innovative businesses, sometimes the age factor can also affect the business. According to the survey, an entrepreneur with a great number of job experiences can go in the direction of traditional businesses. Experience and young entrepreneurs with more potential and creative minds can go to the innovative business.
But there are opportunities everywhere – even more, today with the new technology and Internet that allowing us to go local to global. So, there is no minimum age to start a business. The moment you can understand the business process and how to make wealth for everyone then you should begin.