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The average age of succeeding at business
Research from MIT suggests that the average age of founders of high-growth startups is around 45 years.
Most small businesses take at least 2 to 3 years to become profitable and truly successful once they've hit the 7 to 10-year mark.
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What is your take on it?
Why do we see so many young entrepreneurs make it even before 30?
(I would say it strongly depends on previous attempts – many who made it in 28 already started in 15 or 14 + industry + family background [negative/positive motivation] + the support of the team and teaming up with people)
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Tera Bitcoins
It's an easy answer: FEAR...
Fail
Earlier
And
Repeat! 🕵️♂️
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From what I've seen, there's no set age for business success. Some people make it big in their 20s, while others hit their stride in their 40s or 50s. It really depends on the individual and the opportunities they come across. Experience and timing often play big roles too.
@anasantiag63872 It is more probably that people make it it big after 30s. Especially when it comes to big solutions. (not talking about hardware or so).
*The MIT publication from 2019: https://mitsloan.mit.edu/shared/...
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From what I've seen, there's no set age for business success. Some people make it big in their 20s, while others find success in their 40s or even later. It really depends on the individual and their circumstances. Passion, persistence, and adaptability seem more important than age. Just do your best whenever you start!
@oliviarobe40594 It strongly depends on the industry. E.g. when you do hardware and development in hardware, it is quite hard to succeed in a short-term.