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Age is just a number: Never Too Old to Start a Business
13 July 2023
Accounting & Compliance, Ambitious Startups, Structuring a Business
Many people believe that entrepreneurship is a venture reserved for the young and energetic.
However, the truth is that age should never be a barrier to pursuing your dreams and starting a business.
In fact, numerous examples exist of individuals who have embarked on entrepreneurial journeys well into their senior years.
These inspiring stories highlight the fact that age can bring valuable experience, wisdom, and a unique perspective to business endeavours.
Using Age as an Asset
Contrary to popular belief, advancing age can be an asset when it comes to entrepreneurship.
Older entrepreneurs often possess a wealth of knowledge gained through years of experience in various fields.
They have honed their skills, developed a robust professional network, and garnered invaluable insights into market trends.
Additionally, older entrepreneurs tend to exhibit resilience, patience, and a strong work ethic, which are crucial attributes in the challenging world of business.
Success Stories
You don’t have to look far to find business owners who have used their age to an advantage when starting their business. For example:
Colonel Harland Sanders – Founder of Kentucky Fried Chicken
Colonel Sanders, known for his iconic white suit and string tie, started his famous fried chicken business at the tender age of 62.
Despite facing numerous rejections, he persisted and went on to build one of the most recognizable fast-food chains in the world.
Vera Wang – Fashion Designer
Whilst I wouldn’t say 40 is old, it is often a difficult age as individuals can be trapped in employment due to the ongoings expenses of a mortgage and the kids!
However, Vera Wang embarked on her successful fashion design career at the age of 40 after working as an editor for Vogue.
Today, she is renowned for her elegant bridal gowns and has become a prominent figure in the fashion industry.
Recent Japanese Case
Its important to remember you don’t need to become a household name to be a success.
I saw one such example on a recent trip to Japan; an elderly Japanese woman who established a successful and thriving business showcased on the Japanese Metro lines.
Despite being in her 70s, she established a company that creates beautiful, handcrafted artworks. Her creations, featuring vibrant colours and intricate designs, captivate the attention of commuters, who can purchase her artwork on the spot.
This inspiring example demonstrates that age is not a barrier to creativity, entrepreneurship, and business success.
Starting your business
The notion that starting a business is solely for the young is an outdated concept.
Age should never be a deterrent to pursuing entrepreneurial aspirations. Older entrepreneurs bring a unique blend of experience, knowledge, and resilience to the table.
The inspiring stories of individuals like Colonel Sanders, Vera Wang, and the Japanese elderly woman exemplify that age is just a number when it comes to embarking on entrepreneurial journeys.
Contacting us
At Friend & Grant we have worked with hundreds of startups including many where the business owners have been in their fifties and sixties.
So, if you have a passion, an idea, or a dream, remember that it is never too late to set up your own business and make a lasting impact on the world.
Please contact us on 01634 731390 to find out how we can help you make your business come to life.
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The content in this blog is correct as at 4th July 2023. See terms and conditions.
