By Bigg Success Staff
December 07, 2007
What’s the best age to own your own business? That’s a tough question to answer judging by two recent profiles.
33 Success Stories
You’ll see that age is not an issue because Inc. focuses on octogenarians (and then some) in business with their profile of 8 business owners over 80. These entrepreneurs are about 87 years old, on average, although Jack Weil is the sage of the group at 106. He runs Rockmount Ranch Wear, which sells western apparel.
Business Week looked at the other end of the age spectrum in their third annual profile of 25 entrepreneurs under 25. On average, they’re just over 22 years old, with the youngest entrepreneur profiled being 16-year old Jasmine Lawrence. She is the founder and CEO of Eden Body Works, which sells all-natural personal care products.
So what can you learn from these 33 success stories?
- You’re never too young to start your own business. You’re never too old, either!
- If you’re too young to be trusted with major responsibilities, start your own business. Now that’s responsibility! If you’ve reached that age where no one will hire you, start your own business and hire yourself!
- You have to take risk, but make it manageable. If you read between the lines, you’ll see most of the entrepreneurs in these two profiles started small, often from their home or apartment.
- On a related note, you don’t need a lot of money to start a business. Let’s not kid ourselves – money may help. However, many of these entrepreneurs started businesses that required relatively little money or were in industries desirable to capital providers.
- More people, of all ages, are launching their own business. Why not you?
Bonus: 30 more success stories
If you’d like to see more profiles of young people starting their own business, check
out 30 under 30: America’s Coolest Young Entrepreneurs from Inc. While not as timely as the other two (it was released in July of this year), you’ll get even more ideas and inspiration from this slide show.