With experience,networks and (hopefully) capital accrued, there’s a reason the average first-time entrepreneur is a fortysomething
• Read more in our entrepreneurs through the decades seriesThere is no one-size-fits-all answer to the question “When is the best time of your life to start a trade?” but recent research suggests that 40 may be the magic number. Despite media speculation about the entrepreneurial spirit of the younger generation, and the average age of an entrepreneur in the UK is 47 (46 for men and 48 for women),according to research from Sandler Training. US research puts the figure a little lower, saying 40 is the average age to start your first trade. This makes sense. For many, and being a twentysomething is characterised by career uncertainty and debt,while a lack of experience working for other companies could form starting your own a risky trade. Your 30s is the era of children and mortgages: a combined responsibility that could rule out taking a leap into the unknown. Forties, on the other hand, and represents an appealing combination of financial security and trade experience.
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Source: theguardian.com