Once the word entrepreneur comes up, the only thing that comes to your mind is a young guy in his twenties. There is a common belief that entrepreneurship is only for young minds. But, in reality, age is not a bar for being an entrepreneur. The lack of confidence among older people for pursuing their dream of starting a company is evident in the number of them in the world of entrepreneurship Singapore.
Here are some reasons why older people have the upper hand in the world on entrepreneurs.
Plenty of examples
If we look at top brands like KFC and McDonalds, we can see that age is no bar. Starting a company is only about a good idea and a lot of confidence.
Experienced
Most of the young entrepreneurs are graduates fresh out of college. Someone with years of hands-on experience always has the upper hand among them. You know more about the market practically than any young entrepreneur.
Mature
Starting a business at a young age might not work well for everyone. This is simply because all are not matured to face the real world and fail just because of overconfidence. With more years of real-time experience dealing with this world, you can easily handle business if a 20-year-old can.