Note: The entire article was culled from Entrepreneur.com
Have you been wanting to start a business but feeling held back because you are over 50? Here’s some news: entrepreneurship is not just for the young. Many women are choosing to start a business later in life because the timing is right for them.
Starting a business later in life is not only possible, but it also increases your chances of building a successful business. Your experience is a strategic advantage.
A lack of confidence and fear is what holds most people back from starting a business, so don’t let that be you. Get your idea out in the world and live your best life.
Here are some tips to help you overcome the fear of starting a business later in life:
1. Look at the advantages
There are many advantages that you bring to a new business. You bring decades of professional and personal experience to the table that help you make better decisions for your business. Over the years you have built relationships and a great network that can serve as mentors and help you find your first customers. And at this age you likely have clarity and know what you want and have the determination to achieve your goals.
2. Overcome the common fears
Fear of failure or feeling too old to start a new business can prevent you from moving forward, but many successful entrepreneurs faced these same fears and still managed to build businesses that thrive. Treat setbacks as learning opportunities, not reasons to quit. Failures will likely happen but how you react to it determines how successful you will be. And know your age brings wisdom and resilience that you wouldn’t have had at a much younger age.
3. Know your worth
Believe in yourself and the value that you are bringing. You have unique skills and insights that people need. Don’t downplay your expertise and highlight it as a selling point. And don’t let others try to bring you down. There will be naysayers out there, so remember that you aren’t for everyone and just keep showing up for the people who need what you offer.
4. Tools and resources to support you
There are many tools and resources out there designed to support entrepreneurs. Leverage those resources that can help you succeed. There are small business development centers, online learning platforms, and networking groups that offer communities with accountability and support.
5. Take the leap
No amount of preparation will eliminate all the risk that comes with business building or eliminate the fear you may be feeling to take that leap. Taking the first step is often the hardest. Feel the fear and do it anyways because the fear won’t just go away on its own. Start small, test your idea, and grow from there.
The bottom line is that starting a business later in life can have its challenges, but it can also be one of the rewarding journeys you have ever been on. Don’t let fear hold you back. If you have an idea and desire to start a business, don’t you owe it to yourself to explore it further?
