Author Ankit Sharma Poudel Publish date : 25th September 2020
“Age is no barrier. It’s a limitation you assail your mind”- Jakie
Entrepreneurship, however, is a much broader phenomenon. It strives to create value through recognition of business opportunity, the management of risk, communicative, and management skills to mobilize human, finance, and material resources to bring the project to realization. It is the ability to create something from practically nothing. Self-employment has been booming over the past decade. With the use of the internet and technologies, the interest in start-ups has been increasing. Entrepreneurs are those who transform their ideas into an action. It takes a much rough and tough time to become a success in your project.
we all have gone through the question that is it the right age to be an entrepreneur? We are living with the mindset that to be an entrepreneur one must have mom and pop business or need to be aged. According to this research at MIT, the average age of founders who started a high-growth company is 45. The desire to start up your own business can hit up any age as there is no barrier all we need is ideas and enthusiasm. A business cannot be an empire in one day it needs a lot of time and effort as well as needs to survive in different stages to reshape your concept into action. So, to answer, “does age matter for start-ups?” It comes down to execution. Whether you’re old or young or just you are in your 20s or your 50s, you have to be able to accomplish your plan if you want to be successful. And the most successful entrepreneurs surround themselves with great people and make qualitative networking.
People of all ages have started a successful business. Let’s glimpse some of the renowned international personalities who became a successful entrepreneur after the age of 40. The combination of knowledge and experience that is the biggest advantage of launching your business later in life. You know what you are good at and what you are not, and therefore you know what to take on, what to delegate, and what to avoid altogether.
The founder of ford motor company Henry ford, he was at the age of 40 when he started his business. Henry transformed the automobile industry from an expensive curiosity to an accessible conveyance that impacted the landscape of the 20th century. Robert Noyce, the doctor of physics founded Intel when he was 41. He is also remarked as “Mayor of Silicon Valley”. That was the first time he revolutionizes the semiconductor industry.
We all are familiar with the brand called KFC (Kentucky fried chicken). The owner Harland David Sanders was 60 years old when the first KFC franchises opened. Before that, he was fired from many jobs. Thomas Alva Edison was an American businessman and inventor who invented general electricity at the age of 45. Adolf Dassler found Adidas at the age of 49.
The new technologies have opened up a new platform for utilizing their skills in the market and make it done. The success growth rate of Start-ups is high in the age group of 45 but it doesn’t mean that younger cannot. There are lots of young entrepreneurs who proved that age is just a number. People are now more confident to sell their ideas and hit to success. They seek opportunities in every application and are responsive to the environment. Founder of the famous social media platform Facebook, Mark Zuckerberg he was only 19 years. Most of the youngsters are engaged in the internet of things so the invention of there is different from a mid-age entrepreneur. We all know the popular search engine Mozilla Firefox was founded by Blake Ross, an American software engineer. Firefox was invented when he was only 19 years old. Matheuw Mullenweg founded WordPress before he was even twenty.
Even we can see the national levels of an entrepreneur who made it to Forbes Asia. They are paving a way to create job opportunity. Surya Karki co-founder of the Diyalo Foundation. The main role of this foundation was to change lives through education, energy, and agriculture. He was 26 years old. Bilal Ahmed Shah founder of latido leathers, we have Jeevan Raut who founded kinumna.com it is an online shopping platform. They are the young entrepreneurs of Nepal. Even we can see different SMEs near our surroundings who are contributing their time and effort to create a marketplace and employment opportunity. Business like making homemade spices and pickle, Agarbatti , Papad under Grihini Udyog. Grihini Udyog is the citable model of using the skill of illiterate housewives and most of those products are sold in the local market. Which is helping localities by providing direct and indirect unemployment opportunities.
The above example proves that age doesn’t matter to become an entrepreneur. Though the characteristics of both age group are different in the way they think or the areas of interest are different but its never too late or early to become a success in your life Entrepreneurship give birth to new commodities, techniques, and goods. It is the outcome of a complex balancing of opportunity initiative, risk, and rewards. The cottage industry operated by 65 years old Mrs. Laxmi Pokharel has added employment creation and income generation to the society
we must conclude by stating that age is indeed just a number– and a really meaningless point of reference within the face of a thought that must be carried to market. There are ample success stories across the entire age spectrum for us to go by. It’s not the age, it’s the vision. Starting a company at any age is possible. It’s time we shatter the entrepreneur’s age bias. Business doesn’t require an age it requires a passion, positive attitude towards the struggle. It doesn’t matter how old you are if you believe in your abilities you can easily stand your own business. It is never too early or late to become a success in your life.