How old should you be before you start your own business?
4 September 2006Businesspundit has a great post about the pros and cons of striking out on your own as either a young person or an older one. There are upsides and downsides to both, and he does a very good job both identifying these factors and going through some research data to see what kind of person is likely to be an entrepreneur. What suprised me was the data showing that many entrepreneurs come from the low end of the ability / intelligence scale. He points out that while intelligent, driven people who are the stereotype of a small business person go out on their own because they think they can do it better, there are a lot of people who are starting businesses because of discipline issues with working for someone else. I suppose it’s comforting if you think you’re on the high end of the ability curve to know that many of the small business failures that are touted as a warning may be from people who shouldn’t have gotten into it in the first place. On the other hand, there are a lot of businesses where hard work can substitute for cleverness or a good idea. It’s a good post to read for anyone who’s thought about owning their own business as a way to escape corporate drudgery.
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