What is the ideal age to start in business? In paid employment and especially politics there is definitely ageism at work. Some politicians in the past have had to retire as leader of their parties because they were deemed to be too old to appeal to the voters.
Business has no age barriers.
When it comes to starting a business your age and experience will stand you in good stead. Many successful businesses are managed by people close to retirement age. Using their experience gained from their previous employment they are ideally suited to exploit a gap in the niche area they have experience in.
On the other hand young people with drive and determination can take risks that older people can not afford to, knowing that if they fail they can always have another shot! They often have the energy and ability to burn the candles at both ends and can spot new ideas that their senior counterparts might not even be aware of.
Realistic expectations
Older people tend to have realistic goals & better interpersonal skills gained from years of paid employment.
They usually have more access to funds. They often have a good credit history and can...
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