Many people walk away accepting failure, which is nothing more than their own fear of failure.
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When is it too late to start a business? Most people would say never.
Although, does the business world favor younger entrepreneurs? A young, ambitious person could attract better opportunities and be a step ahead of the 45 year old dad.
Is there an ideal moment to invest your time and money into a business? If so, does that moment increase your potential for success? Is entrepreneurship friendly to some and not so friendly to others?
I think the best answer to that question is by offering this analogy.
Have you ever played or seen double dutch at school? If so, then you know that moment when every player attempts to jump through the middle of the two ropes.
Some people jump right in there, successful or not. Other people hesitate in picking the moment to jump in the game. Unfortunately, many people walk away accepting failure, which is nothing more than their own fear of failure.
This situation is relative to many aspiring entrepreneurs. Opportunity is constantly coming around like the two swinging ropes in double dutch. The entrepreneur struggles in finding the ideal moment to make the investment (or jump in there). Although, it is the few who continue to keep going until they are successful.
So, is there an ideal moment to invest your time and money into a business? No! There is no ideal moment to jump into the business world. It is ultimately based on a leap of faith.
The wonderful thing about the business world is that it is a vast arena. There are many ways to profit from the marketplace. Each niche is based on supply and demand. High demand is the opportunity to capitalize and supply the market with your product or service.
Honestly, I do not know why any literate person does not have at least a few entrepreneurial endeavors. Some of them may fail, but others are destined for growth. In my opinion, starting and growing a business is not much different than cooking.
With cooking, you start by learning how to cook your favorite dishes. As you get better each time, you enjoy your food and quickly come to realize that it is not that difficult. Sometimes, you will burn the food and have to discard it. However, there is more food in storage.
As stated previously, it is not much different than entrepreneurship. The excitement of your success continues as long as your love for the passion remains within you.
In America, too much emphasis is put on winning. The reality is that such a fixation is not practical in today’s business world. The education system should be teaching the skill of adaptation. The flow of money is always fluctuating. A high valuation today may not be worth as much in a few years. Entrepreneurs need to know how to adapt in these situations.
I wish the love of the free market would be as much a part of daily life and culture than professional football. Everyone should be trading, selling, partnering, and funding on an international level. Why should we limit ourselves? Technology allows us to do business worldwide.
It is quite amazing how much the world has shrunk in the past twenty years. You can be funding a co-op store in Zimbabwe, while simultaneously running an import and export business from Mexico.
It is never too late to start or grow a business, even for late blooming entrepreneurs. The best way to find great opportunities is by putting yourself out there to discover them.
So, what are you waiting for? You cannot be a late blooming entrepreneur if you never take the first step. Like double dutch, you can only be a part of the experience if you jump in on the action. Will you make the jump?
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Photo credit: Getty Images
It’s true Tare. Most people don’t want to start a new business because of fear of failure and the commitment it takes. Most of us have had ideas that would revolutionize how we do simple everyday tasks. Sometimes we have ideas on how we could improve a certain product or totally come up with a new product. What usually stops everyone is the planning and funding phase. If everyone just got past that and pushed on as if there was no other option, there would be more successful entrepreneurs out there. I think one of the keys to success in… Read more »