Are You Too Old To Be A Entrepreneur At 40?

Feeling like you need a career change but worried you're too old? Well, worry no more. I have some good news for you.

The media and society will tell you that you are screwed if you didn’t start a business before you were 40, but they are wrong.

In fact, the average age of an entrepreneur is 41.9, and better yet, older people succeed at a higher rate than younger people.

Here’s the exact quote…

“[Economist] researchers found that the average age of a business founder in the United States is 41.9 years old—in other words, more than a decade older than the average age of founders featured in the media. And older people don’t just start businesses more than many of us realize; they also succeed at creating highly profitable businesses more often than their younger peers do.”

— Don't Trust Your Gut: Using Data to Get What You Really Want in Life by Seth Stephens-Davidowitz

So today, if you are one who thinks that it is too late OR are still on the fence, keep reading. Because I’m going to convince you that its not too late.

I’ll do that by sharing how I overcame this mindset and give you a list of business owners who didn’t start until their 40s but succeeded big time.

Here’s What Changed My Mind

I believed in media and society just like everyone else.

I thought I missed my window and needed to gut it out until I retired. And then maybe pursue something I really wanted to do.

But thankfully, by educating myself and being around men who completely changed careers in their forties, I learned it was possible.

I started to believe and started learning all I could about online business.

I couldn’t read books fast enough or ask enough questions.

Here I am, ten years, triple the income, and 1000 times the freedom later.

And I did it with three kids, a mortgage, bills, debt, a distraught wife, and any other excuse I told myself.

It wasn’t easy to stay positive, especially with all the doubters…

“You're 42, have three kids, and quitting your good job with a good salary and good insurance to do what? Good luck with that!”

Friends and family

But I did it.

You can do it too.

And my small amount of success pales in comparison to the following entrepreneurs…

Here are more well-known people who found their groove after 40.

There are many examples of very successful people who started businesses after the age of 40.

They are;

  • Eric Yuan founded Zoom at 42

  • Bob Parsons started GoDaddy at 47

  • Robert Noyce co-founded Intel at 42

  • Donald Fischer founded The Gap at 41

  • Sam Walton founded Walmart at age 44

  • Chip Wilson founded Lululemon at age 42

  • Bernie Marcus founded Home Depot at 50

  • Momofuku Ando invented Instant Raman at 48

  • Mark Twain published Huckleberry Finn when he was 49

And the king of never too late…

  • Colonel Sanders was 65 when found Kentucky Fried Chicken (KFC)

See, age didn’t stop any of them, either.

And that is just the well-known people. When the average age is 41.9 you know there is a hell of a lot more.

Your Turn

Now you know it is possible.

Now, you just need to believe that you can too.

Because…

“Whether you think you can or think you can’t, you’re right.”

Henry Ford, Created the Model T at age 45

To nurture your belief you need to build some momentum by getting started.

The first step is to start thinking about what kind of business you’d like to start.

If you need some ideas, I can help you.

If you want some help brainstorming business ideas and you are 40 years old or older (or getting close), let’s talk.

Book a time on my calendar right now, and let’s brainstorm a business idea for you.

It’s totally free and by the time we finish, you’ll have at least one business idea.

Music

When you start doing things that break the norm, you will hear it from the people around you.

Today’s song provides some guidance on how to handle it.

When I began my journey into self-employment, this song was my rallying cry.

People did say I was crazy; they did give me all kinds of warnings and they did say I was dreaming.

But I knew in my gut that I was doing the right thing for me.

And they didn’t know what I knew.

All I would do was bite my tongue, smile, and tell myself that the only thing that mattered was what I knew and believed.

Press play, and now…

Did These Insights Make a Difference for You?

If any of this content has guided or inspired you, consider expressing your appreciation with a $3 monthly donation. It's a small way to say a big 'thank you.'

"Your contributions help me keep the lights on and the content flowing. Thank you for helping me redefine retirement for everyone!"

What'd you think of today's email?

Login or Subscribe to participate in polls.