When you hear the word entrepreneur, most people think they must be 20 years late, intelligent, good-looking kid who just finished high school or college and want to change the world. The images of Mark Zuckerberd or the founders of Google that comes to your mind. While it is true that a lot of well-known companies started by people who are young. Even though there is also a small business started by people 40 to 50 years old. It happened because many people believe that old age group prefer to enjoy their stable lives or surrender to the work that has been done before.
So why do we think that starting a small business at the age of 40 to 50 years old could not? There are a number of reasons why people aged 50’s are still not too old to start a small business: 1) Experience
This is probably the reason terbak which gives them the opportunity to start a business in the elderly. These people have accumulated a lot of experience by the time they mencaai 40 to 50s. They’ve been there done that. Their wisdom has been gathered from working with different types of people in different situations that are very helpful in running a small business. 2) Contact
People who have a lifespan of 23-30 years was definitely an experience they no doubt gather a large number of cards. This can be very useful when memula small businesses. The small business owner needs to support a large network that includes various types of professionals such as lawyers, accountants, marketers and so forth. So once they hit old age, the contact is also very useful to build a wider network. 3) Knowledge Alone
These people have gone through a variety of experiences, including successes and failures, in their lives to know what works and what does not. They also had time to think about themselves and know their strengths and limitations. It is very important for anyone who wants to go into a small business. Only through knowing yourself that you can hire or partner with smart people who can complement your limitations. 4) Time
Now they have reached the age no longer young children while still in college more often a waste of time compared to focus more on what they like. While the elderly, they will focus more on small businesses that have been opened. They do not have to worry about family obligations. Running a small business does not need a significant time commitment and help it to old age 5) Money
Over time, the money is another factor that works in favor of parents. They’ve been taking care of the majority of education and the payment of the house for the children. They also teah save enough money for retirement and have a sufficient amount of personal savings. This makes them to use the savings as extra money as an investment in their business. It also gives them a chance to take some risks.