Statistically Speaking, You're NOT Behind
The Jasmine Star Show
Jasmine Star
4.9 • 2.8K Ratings
🗓️ 12 May 2022
⏱️ 10 minutes
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| 0:00.0 | It's too late. I'm too old. There are so many young entrepreneurs I could never compete |
| 0:20.0 | with them. I'm out of touch. I don't know the trends. Have you ever thought anything |
| 0:27.3 | somewhat similar? I was recently blown away by an article on ink.com and it shared the |
| 0:34.6 | ideal age to start a business. Okay, this is based on data. Okay, prepare your hearts. |
| 0:43.3 | I'm going to share with you three major takeaways from the 2.7 million startups in this study. |
| 0:50.3 | Okay, that was 2.7 million startups in this study. It's never too late to start a business. |
| 1:00.1 | Ever. The study showed that a startup founder who is 50 years old is twice as likely to |
| 1:06.4 | start an extremely successful business than a 30-year-old. Experience is better than |
| 1:14.3 | youth. The more experience you accumulate in life, the smarter the decisions you make. Okay, |
| 1:21.8 | friends, this is not my hypothesis. This is proven. You all know me. I love some data, |
| 1:29.8 | I love science, I love numbers. And if you are listening to this podcast and you are 25 |
| 1:36.9 | or 75, prepare your heart. Because if you are 30 and you are not where you want to be, |
| 1:44.1 | guess what? You have a lot of time. And if you are 60, prepare your heart. You have a whole |
| 1:49.7 | other iteration ahead of you. Okay, did you know that a 60-year-old startup founder is |
| 1:55.7 | three times as likely to found a successful startup than a 30-year-old? Okay, three times |
| 2:03.4 | as likely. And this person is twice as likely to build a startup that winds up in the |
| 2:09.5 | point 1% of all companies. Okay, if you are a 60-year-old startup founder, you are three |
| 2:16.9 | times as likely to be successful than a 30-year-old. And you are twice as likely, twice as likely |
| 2:24.3 | to be the point 1% of all companies. And this blew my mind. I told JD, he is my husband |
| 2:30.3 | and my business partner. Baby, I have not even got it started yet, honey. I got iterations. |
| 2:36.9 | I got time. I got opportunity. And no, I am not anywhere close to where I want to be. |
| 2:43.2 | But you want to know what? Baby, I'm still young. Young is a frame of mind. As long as I |
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