Entrepreneurship

It’s Never Too Late To Start, Here’s Why [Infographic]

It’s never too late to start doing what you want to do. Thankfully, being creative and innovative doesn’t come with an age limit.

Many people will get to a certain age in their life and think: “I wish I had done that”. Now, it’s time to stop thinking like that and realize that you’re never too old to achieve your goals and dreams.

The latest infographic from Funders and Founders has taken a look at some of the most successful and well known founders of business who have started their most popular ventures at a later age.

The creators behind the infographic looked through the biographies of the top 100 self-starting founders included on Forbes’ World’s Biggest Public Companies list to compile their data. The results found that 35 was the most common age to start a business.

A couple of examples include Doris Fisher who co-founded Gap at 37, Hugo Boss who launched his company at 38, and Masaru Ibuka who launched Sony also aged just 38 years old.

never-too-late-when-companies-started-infographic

“The Critical Period” – Do It Early or Bust?

Language, it is believed, cannot be learned without an accent after the critical age (usually 16). Musical talent is usually apparent in the first ten years of life. Most people we know as successful programmers started coding as children, and successful athletes commonly celebrate their twentieth birthday already celebrities. This can make one look like a failure at 27 if all you got is a college degree. But that may be a false impression.

 The Data Behind The Success Age

Looking at the biographies of top 100 founders on the Forbes List shows that 35 is the most common age to start one of the top companies in the world. We excluded the companies that were inherited from previous ones, and the companies where governments were heavily involved. For example, one of the largest companies in the world is Agricultural Bank of China. It was founded by Mao Ze Dong while he was the country’s chairman. This types of founders we excluded, to make sure the list only contains self-starting founders.

 The Middle Of Life or Mid-Life Crisis

The result is a bell curve, just like in school most people get grades somewhere in the middle, in life most people succeed mid-life, that is about 35, for the current generation.

Intuitively then, we expect some major life achievements to happen around the middle age, otherwise – the mid-life crisis.

The Quarter-Life Crisis

When you graduate college, with expectations from parents on your shoulders, seeing teenage CEOs in the news can make you feel like a late bloomer. Even at 25. Since today we expect to live longer than today’s average life span of 78 years, at 25 you can reasonable think you are through a quarter of your life. This is a newer term than the good old mid-life crisis.

 Late Bloomers, Not Losers

So what about those who succeed later in life – the late bloomers. Is it better to be an early achiever or a late bloomer? That’s the same as asking if it is better to start Facebook at 19 or IBM at 61? For the world at large it does not matter. Perhaps Facebook could never happen if IBM did not exist. Should Charles Flint have felt himself a loser when he organized IBM out of a time-card punching technology firm at the ripe age of 61? Those time card punchers turned out to be early prototypes of computers.

Perhaps you have not heard much about Flint, but the device you are looking at right now is possible in part because of what Flint started at 61. He even lived another 24 years, working and enjoying the fruits of his late-in-life success. A later bloomer? Perhaps. Too late for him at 61? Never too late.

You may also like
7 habits of highly effective Entrepreneurs
10 Trends That Will Change the Way We Work

Leave Your Comment

Your Comment*

Your Name*
Your Webpage

ARE YOU READY? GET IT NOW!

Stay current on Digital marketing trends

Your Information will never be shared with any third party.