Saturday, October 1, 2022

Most Successful Entrepreneurs Are Older

When most people envision a successful entrepreneur, they picture someone young, who’s got a vision and is unafraid of pursuing that vision. They may have just graduated from an Ivy League school or they may have dropped out before completing their degree. There are several successful figures who fit this mold – think Mark Zuckerberg, Steve Jobs and Bill Gates.

But as noted in this article from forbes.com, this vision we have of successful entrepreneurs isn’t accurate. While there are, of course, successful young entrepreneurs, the majority of success stories are of people in their late 30s, 40s, 50s and older.

The forbes.com article points to one of the largest studies into age and start-up success, which was conducted by researchers from MIT, Northwestern, Wharton and the United States Census Bureau. They found the mean age of tech start-up founders was 43. Also encouraging if you’re past your 20s? The study found that the likelihood of success as a founder increases as you age up to the age of 60.

Dreaming of setting out to be the founder of a startup? There are three key characteristics top successful founders share. Find out if you’ve got what it takes in the full forbes.com article here.

Read more:

The Generational Divide Between What We Want From Our Employers

Five Job Hunting Tips For You If You’re 50+

The Great Retirement May Become The Great Semi-Retirement

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