Am I Too Young To Be An Entrepreneur?

Topic: Analysis, Exploration, Helpful Ideas|


According to a recent study by the Kauffman Foundation, the answer is yes. Kind of. By the way, if your aren’t familiar with the foundation, check them out NOW because they have tons of great resources for entrepreneurs, young and old alike. At any rate, I must admit I was quite surprised by the findings of their study on the correlation between age, education, and forming a tech startup. As you know, I focus more on the needs of student startups, but as it turns out they are the minority – even when it comes to technology based startups.

What does this mean for you and your pursuit of the next great student startup? A couple things, actually. First off, the findings of this survey suggest that you (and I) are well ahead of the game. The small business experiences we are endeavoring in will only further the chances of success in the long run. Think about it this way, most people wait until they are in their late 30’s or early 40’s to take the leap into entrepreneurialism – many of whom will fail for a variety of reasons. But by starting young, you benefit from the fact that failing is virtually meaningless (financially speaking). You can then learn from your mistakes and build upon your successes and failures so that your next venture will be that much more successful.

So take the study with a grain of salt and do not give up your pursuit of creating the next great startup! Class dismissed.

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2 Responses to “Am I Too Young To Be An Entrepreneur?”

  1. Small Business Entrepreneur blog Says:

    I don’t think the study shows when is best to start a business. I think it shows when most people are starting one, which might be good or not.

    I actually wrote an article saying mid 20’s is probably the best time to start a business. Here it is: Entrepreneurship age

  2. Carrie Says:

    The less 20 somethings trying to start tech businesses… the less competition for me!