What Age Group is Really Responsible for Starting the Most New Businesses?
Entrepreneurship is a young manâ€™s hustle. This is a notion thatâ€™s been held by many for years. Weâ€™ve all heard the stories about the 20-something year-old tech geniuses who built multi-million dollar corporations from their garages before they turned thirty.
Sergey Brin and Larry Page were each about 25 when they launchedÂ Google. Steve Jobs had just turned 21 and Steve Wozniak was 26 when they createdÂ Apple. Bill Gates and Paul Allen were shy of 23 when they createdÂ Microsoft. Mark Zuckerberg was 20 when he gave usÂ Facebook. Sam Walton was just 26 whenÂ Wal-MartÂ first appeared on the scene, andÂ Sean Parker was in his 20s when he first launchedÂ Napster.
ForbesÂ annuallyÂ publishes a list of â€śYoungest Billionaires on the Forbes 400.â€ťÂ Google searches for young billionaires yield a virtual treasure trove of articles like, â€ś30 under 30â€ł orÂ â€śYoungest Billionaires, 31-40.â€ť
Itâ€™s undeniable, there is a plethora of young, financial trailblazers whoâ€™ll never again have to worry about slaving away inside a cubicle, getting ordered around an office, getting fired or polishing up aÂ rĂ©sumĂ©.
Striking out while young has its advantages. Most of the young have nothing to lose, havenâ€™t learned to respect failure, are loaded with energy and enthusiasm and donâ€™t have to worry about mortgages, car payments or children to feed.
According to a recentÂ ForbesÂ article, â€śWithout having been in the workplace, the young entrepreneur has a fresh perspective untainted from the way-it-is-supposed-to-be mindset that is so prevalent in most boardrooms. Consequently, their solutions are new, innovative, and groundbreaking.â€ť
But a closer look at the data suggests creative thinkers and innovators can be found from all backgrounds and all ages.
Source: Black Enterprise |Â Richard Spiropoulos