Lately, we are crammed with lots of stories of entrepreneurs who succeeded in achieving success at a young age, such as Mark Zuckerberg founder of Facebook, Evan Burn founder of The Odyssey, Jack Dorsey founder of Twitter, and many more. Not to mention young Indonesian entrepreneurs, such as Elang Gumilang founder of Elang Group, Andrew Darwis founder of Kaskus, Achmad Zaky founder of Bukalapak and others.
Is seeing the fact that more than 35 years old is too late if you start doing business now? In fact, many entrepreneurs have just started doing business at the age of more than 35 years and succeeded in achieving success.
This is also proven by the results of research conducted by the Kauffman Foundation. Based on the results of this study, it was found that start-up owners over the age of 35 have more experience that can be used as primary capital to run a business.
Richard Branson (Virgin Group CEO) also said the same thing, that mature aged entrepreneurs are more likely to achieve success in running a business because it is rich in experience and wiser in making important decisions.
Here are Some Other Reasons Aspiring Entrepreneurs Over The Age of 35 are Not Too Late to Start Doing Business
- The amount of experience in the past will make us tend to be more practical in managing expenses, wisely preparing to budget, also knowing which opportunities are excellent and which are not related to business agreements or other negotiations.
- As we get older, our friendship network expands. With the current social media, friends from school (from elementary school, junior high school to college) are re-connected with us and allow us to collaborate with people who share our interests, find investors, find investors, the resources needed, and get a long list of clients and potential customers, can even ask for references to get employees who are talented and have the best abilities.
- To procure funds, mature entrepreneurs get more convenience. As in the previous point, an extensive network of friends makes it easier for us to get investors. When applying for a loan at a large bank, the process is much easier because usually, at the age of 35 years and over, we already have assets that can be used as collateral.
- Knowledge and abilities possessed have also been honed well. They can be used as initial capital to start a business, although in the process, it still requires an effort to learn new things, especially those related to business.
With so many reasons for us to start doing business at a young age when we want to throw away the opportunity to have our own business and achieve success next?
Successful Entrepreneurs Who Do Business at The Age of More Than 35 Years
• Jan Koum founded WhatsApp.
• Michael Arrington starts TechCrunch.
• The Westergren team starts Pandora.
• Jimmy Wales founded Wikipedia.
• Mark Pincus founded Zynga.
• Robert Noyce founded Intel.
• Robin Chase founded ZipCar.
• Craig Newmark founded CraigsList.
• Ray Kroc started McDonald’s.
• John Pemberton invents Coca Cola.
• Harland Sanders starts KFC.