Building Ei : Entrepreneurship IntelligenceTM

It’s all in the mind.

Age is just a number.

If you want anything wholehearted, the universe conspires to gift it to you.

Have you read these lines before?

You must have.

But the proof of the pudding is in the eating.

So, while we refuse to accept the discouragement that age brings to life, we cannot deny that it does take away quite a few things. But does the biological clock and its inevitable effect really take away our entrepreneurial acumen? For some it does for others it doesn’t. It all depends on how you see your life.

Let’s check out.

  • Sam Walton founded Walmart at 44.
  • Adi Dassler founded Adidas at 49.
  • Leo Godwin founded Geico at 50.
  • Gordon Bowker founded Starbucks at 51.
  • Joseph Campbell founded Campbell’s Soup at 52.
  • Arianna Huffignton founded The Huffignton Post at 54.
  • Charles Flint founded IBM at 61.
  • Harland David Sanders founded Kentucky Fried Chicken at 62.
  • Henry Kaiser founded Kaiser Permanente at 63.

It’s interesting to see the ascending order of age and how that hasn’t deterred individuals from achieving what they wanted to, an initiative to generate the desired profit.

Entrepreneurship starts with an idea. The idea that can make a difference to the society around. With age comes experience, prudence, network and personality. All these traits are invaluable for planning, execution, leadership and crisis management. Thinking in the right way and also adhering to it, come what may, is the secret of an entrepreneur.

For example, JK Rowling was a single mother in the middle of her life living from hand to mouth when she imagined a fantastic world with a boy practicing witchcraft, only to be laughed at by most publishers in London. The rest need not be said as she has her last laugh.

Thus, however much the world may mock you, your confidence takes you places, irrespective of your age. And the right intuition to feel the market pulse improves with age as you see the world in all its colors.

However, there will always be a risk factor. But the possibility of a loss must never eliminate the chances of profit, as a path breaking idea does end up being welcomed and rewarded at some time. Being rational enough to ignore unreasoned apprehension backed by an able idea is the key to successful entrepreneurship. After all Mark Zuckerberg had to withstand debacles like Coursematch and Facemash before hitting the bull’s eye with Facebook. The zeal to strike never fades till you breathe your last.

Lastly a few pearls of wisdom and statistics for dreamers, young and old: To become an entrepreneur at any age, you should be

  • Ready for longer hours of commitment.
  • Keep up with the world in terms of technology and knowledge
  • Find your passion and work towards it

As per industry experts

  • 40 is the average age of accomplished entrepreneurs in Computers, Health Care and Aerospace.
  • In 1996 just 14.3% of new entrepreneurs were on the right side of 55. In 2012 it was 23.4%.
  • Age group 55 to 64 age group start new ventures more vigorously than that of 20-30.

Importance of Perfection Over Promotion

For a student’s overall growth, perfection holds a higher value than being promoted from one grade to the next. While this is true, we often

How to Inculcate the Value of Savings in Your Child

Money cannot buy a mind, but it does gives peace to the body. The value of money is immense from the material point to view

How you can boost the creativity of your child

As kids they start sensing the world from all their senses, they have questions that never seem to end. They are curious about everything and

How Open Source Software Have Revolutionize Modern Research

Everyone needs an application which can be customized in modern research operations. Open Source Software Programs give the user an advantage of customizing the software which serves their interests of

Why Is It Important to Listen to Your Children?

The relationship between a child and the parents is a dynamic face-off between the old and the new. The many life-defining moments that arise from

What the Military Teaches Us About Team Work

If you look at the CEO’s of fortune 500 companies you will find that almost 15 CEO’s have come from the military background. Former CEO of General

Inside the Mind of a Millennial

Have you heard of millennials? You see, millennials are mostly people aged between 19-36 years. They are called so because they were born nearing the

Importance of Accessing Technology to its Potential

We have been living in the golden age of technology for quite some time now. We have started to understand well how we could harness

How Small Changes Can Actually Lead to Big Advantages

Change is an inevitable aspect of our life. It brings about transformation and infuses new energy into our lives. Resisting change is like resisting liveliness.

Importance of Soft-Skill Training

In the history of mankind, things and practices generally age and they start with being prudent to becoming obsolete. An exception to this phenomenon is

5 Must-Read Books on Positive Parenting

We understand that every parent raises a child with their own instincts and set of philosophies but it would be best if they get the suggestions from

5 Ways Team Sports Influence Student Psychology

Team sports are beneficial for students in multiple ways. When you are in a team, you tend to forget almost everything and enjoy the task

Saving for Your Child’s Higher Education

A good education is resourceful for children in many ways. It helps your children to achieve financial stability, wisdom, and strength to deal with the