It is often perceived that entrepreneurship is for the young crowd. However, age shouldn’t be a determining factor that stops one from pursuing their dreams.
While it’s always good to start early, a study suggests that businesses are more likely to succeed as their founders’ age increase up until about age 40. From Gordon Bowker, who founded Starbucks when he was over 50, to Vera Wang, the editor at Vogue who decided to be a famous fashion designer at the age of 40, success cannot be determined by age. It has been observed that older entrepreneurs are more adept at building resilient businesses, which is especially crucial during times of modest economic growth.
