Ideal Time or Age To Become Entrepreneur

Starting any type of business career is exiting. Launching one’s own business, however, can be absolutely breathtaking of the extreme risk and great potential in such a venture. Let’s we all think for a moment the factors related to readiness for getting started as entrepreneur. Do we know the characteristics that most commonly associated with successful entrepreneur? What about 10 myths of entrepreneurship? Let’s learn before getting started!

IDEAL TIME OR AGE TO BECOME ENTREPRENEUR.

The most common question that people always asked is “what is the right or ideal age to become an entrepreneur?” There is no simple answer to this question. I’m also faced with difficult situation to answer this question that supported by relevant reasons. Therefore, to answer this question I’m really agreed with the opinion from Longenecker, Moore and Petty (2004) in their books Small Business Management, An Entrepreneurial Emphasis.

Most businesses require some background knowledge. It is not only in term of formal knowledge some sort like formal education. It also can be gain from the informal education such as your experience also can be classified as knowledge. Are you agreeing? In addition, most prospective entrepreneurs must first build their financial resources in order to make the necessary initial investment. I’m agreed because of I’m experienced it.

In lately 2003, I excited involved in one business that using the Multilevel Marketing (MLM) system. I believed to sharpen your skill of business it can demonstrate it in MLM business approach. A lot of people believed that MLM can be classified as the lower risk of business. It also not necessary to have lot of financial or startup cost. But, you also have to given your money in order to be the members of that company. So, it is also need your money or financial resources in order to make the necessary initial investment. Am I right?

Never the less, certain amount of time is usually required, therefore, to gain education, experience, and financial resources. Normally, young people are discouraged from entering entrepreneurial career by inadequacies in their preparation and resources. On the other hand, older people who have developed family, financial and job commitments that make entrepreneurial career seem too risky. They may have acquired interest in retirement programs or achieved promotions to positions of greater responsibility and higher salaries. We called it as people in the comfortable zone. They are not more too motivates with the incentives or rewards as entrepreneur.

Therefore, the ideal time for entrepreneurship, appears to lie somewhere between the mid-20s and mid-30s. At this time, it is a balance between preparatory experiences on the one hand and family obligations on the other. I’m also conducted a survey to all my friend and also colleague. I’m also found that the highest percentage of startup is in the 25 to 35 year age group. Some 50 to 60 years old walk away or are not too interested and excited to become entrepreneur because they are already in comfortable zone.

So, answer already about the ideal age for entrepreneurship that appears to lie some where between the mid-20s and the mid-30s. Anyway, I’m also believed some of teenagers and older age can start their own firm. Now, think about it and let’s getting started if you ready to get your feet wet in entrepreneurial water.