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The $100 MBA Show

MBA1251 Is It Too Late to Start a Business After 50?

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 25 April 2019

⏱️ 11 minutes

🧾️ Download transcript

Summary

Is entrepreneurship a young person’s game? Or can the wisdom of age apply to independent business? We often hear from would-be entrepreneurs who worry that they’re too old to get in the game. Usually, they’re retirees who are ready to hang up a lifetime 9-to-5 in favor of a fresh start. Is it realistic? Does a middle-aged person have time to go through the ups and downs of entrepreneurship and come out on top?

Transcript

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0:00.0

Heyo! Welcome to the $100 MBA Show Daily Business Lessons You Can Count on every day with our daily 10 minute business lessons for the real world

0:17.8

I'm your host your coach your teacher Omar Zenholm. I'm also the co-founder of the $100 MBA, a complete business training, and community

0:26.2

online. And in today's lesson you will learn, is it too late to start a business after 50?

0:31.7

Many of our listeners are considering a shift to

0:33.8

entrepreneurship after a long career in their profession and many ask

0:39.1

themselves is it too late is it too late to start a business past the age of 50?

0:45.0

You hear about all these young 20 year olds and college students starting startups

0:50.0

and building amazing companies, but there's very few stories that we hear about entrepreneurs

0:55.1

that are doing well even if they just got started past the age of 50. And today I'll be answering this

1:01.4

question. There's actually a lot of advantages of starting a business for the first time when you have 50 years or more under your belt.

1:11.0

But you will have a few challenges. Some things you're going to have to look out

1:14.2

for and that's what I want to kind of point out to you in today's lesson. So even if you're not

1:20.0

50 or 40 or 35, you'll get something out of today's episode for sure. So let's get into it, let's get down to business.

1:27.0

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2:17.0

I want to start off this lesson by saying 50 is actually not that old.

...

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