For those of you who intend to set up a business, it turns out that not only capital and strategies need to be considered. Apparently, age is also one of the important factors that need to be considered. In fact, some big entrepreneurs reveal that age 25 is not the right time to start a business.
In the book "Breakthrough Entrepreneurship: The Proven Framework for Building Brilliant New Ventures" by major entrepreneurs Jon Burgstone and Bill Murphy, people aged 30 years and over have more experience and maturity in doing business.
many successful entrepreneurs start their businesses when they are over 25 years old. Evidently, the number of successful entrepreneurs who built businesses in the field of technology on average aged 35-39 years. The amount is twice that of people over 50 years of age and younger than 25 years.
This means that entrepreneurs aged 24-35 years are still considered risky to start their own business. According to an American Express survey, of the 16% who started a business immediately after graduation, only 4% succeeded.
Meanwhile, entrepreneurs who managed to build businesses include Wikipedia's Jimmy Wales founder, Michael Arrington, founder of TechCrunch and the builder of Netflix's Reed Hastings. All successful entrepreneurs are between 35 and 42 years old.
But Wales revealed, the young men do not need to be afraid to start success at a younger age. According to him, age is just a number without meaning and does not specify anything in business.
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