Every people who are Entrepreneur have different stories about why they decided to start a business. Few come up with ideas for while working for some other companies & others have known from day one that they wanted to work for themselves and decided to become an Entrepreneur.
Most businessmen will definitely agree on one thing that being an entrepreneur is great. There are multiple reasons behind this & as well as all Entrepreneurs will have their own personal reasons. There are studies and statistics to back this up that people are becoming an Entrepreneur after the age of 35 all over the world.
More than 30% of Startups fail because of insufficient capital. If you don’t have a perfect venture or an investor capitalist backing your startup, it is difficult to pay off debts and make ends meet at the age of 20 or mid 25s. But at the age of 35 you have had enough time to save money & you’ll have full control over your destiny and nobody will get in the way of your vision. The common reason why individuals are staring their own business after the age of 35 is most of the Entrepreneurs are saving enough money to self-finance or at least bootstrap to their business.
After the age of 35 almost every people who are becoming Entrepreneurs have maturity in both mentally & emotionally and gain emotional stability which is required to manage their workspace. By the 35 they have already tried their hand at multiple places & have experienced success & failures. Entrepreneur at 35 or more than the age of 35 were five more like to enjoy a stressful business few years later then Entrepreneurs starting business right out of the Graduation. In fact, few researches also backs a significant finding that people over 35 are more likely to start a business & much more likely to succeed at it.
There are multiple statistics & studies back this up that why people are becoming Entrepreneurs after the age of thirty five, but instead of jumping straight to a startup just after a particular age, everyone should take some time to grow & develop themselves emotionally, mentally as well as financially. What is your thought on it? De let us know.