Starting up Venture: It's Never Too Late
There is no such thing as too late, there is only now. Starting a business can be a scary thought for many as it involves high amount of risk-whether the business is going to have success or scope in future and also business takes time to give returns till then there are many ups and downs. This struggle is the way which will make you front-runners in life. Without taking risk or struggling you are going to stay where you are.
No matter where you are in life, you can always start new. Some people are fortunate enough to discover their right time and right place to start up the venture and in no time they get their success. And among these people even you can be one of them. So never ever lose any opportunity that knocks your door. There is also a general opinion that entrepreneurs should be between age 20-30 and people between this ages only can make it to business world but that’s absolutely wrong. Please take off this opinion if you think so. Young or old, it is not the age of the entrepreneur that determines the success or failure of a business. The key to successful entrepreneurship is simply doing it.
We do have many entrepreneurs who were of the opinion that it’s not too late for starting something new. Let’s check out some of them.
Ray Kroc was 52 and a milkshake-machine salesman when he opened his first McDonald’s restaurant in 1955 in Des Plaines, Ill. He based it on a format used by the McDonald brothers at their eatery in San Bernardino, Calif., and paid them franchise fees as he opened more restaurants. He bought out the McDonald brothers when he was 58.
Reid Hoffman founded LinkedIn at the ripe old age of 35. While Hoffman began his professional life in academia, he soon decided that entrepreneurship held up more opportunities to change the world. After working for Apple in the 90s and attempting to set up social networking for the company, he formed another nascent social networking platform called Social Net in 1997. After that company went under, he applied all of his learnings on what was to become the world's premiere platform for career networking, LinkedIn.
Henry Ford is one of the most successful businessmen of the twentieth century. By age thirty, he had managed to work his way up to chief engineer, but it took another 10 years before he was able to launch the Ford Motor Company. One of the first cars his factory produced was the Model T, and it was a huge success because it was so affordable. Henry Ford was a bit of an enigma, and some of his personal beliefs would be considered repugnant (there are rumors of links to the Nazi party), but he still is a good example of an entrepreneur who bloomed late in life.
Starting your own venture does not require what experiences or profession you’ve had previously, you can change and grow with time. You do not need an MBA degree or some other business degree for the start-up. The image below illustrates and makes clear enough that there are many famous entrepreneurs without any degree who have gained success and are so called Business Tycoons today. The experiences these people developed in their lifetime helped them prepare for their ventures.
Michael Dell, as a young boy he dismantled his first computer in his garage. He then started a computer company called “PCs Limited” while attending college. It became so successful that he dropped out of the college to operate it. In 2006, Dell donated $50 million to the University of Texas at Austin, which he attended but never graduated from. Ranked as the 41tst richest person in the world, he has a net worth of $15.9 billion.
The accomplishment of these people proves that success is a complex blend of passion and flair and sometimes education is not a defining criterion here. So think out of the box and get started with your own.
Business is just about a click of an idea with passion and long term vision, mission, full dedication and also one needs to be a risk-taker. Success is a state of mind. You have the choice to be positive and keep moving forward. Little by little you can grow your business and get success. It's never too late to start your venture, if you have any idea right now go ahead, does not matter if you are graduated with some high degree from a reputed university or you are in mid 30’s or 40’s or so on. What matters is your zeal, enthusiasm, passion and your will to achieve that position you have dreamt of.
“If you’ve got an idea, start today. There’s no better time than now to get going. That doesn’t mean quit your job and jump into your idea 100% from day one, but there’s always small progress that can be made to start the movement.”
– Kevin Systrom, Instagram