In the modern world of social media, influencers, Tiktokers, and YouTubers, being a young entrepreneur is sometimes thought of as the key factor to succeed in business. But, New York fashion designer Vera Wang didn’t open her high-end label, until she was 40 years old. And Martha Stewart was 56 when she consolidated her business empire.
Today, Vera Wang has an estimated fortune of more than $400 million, while Stewart is one of the world’s wealthiest women, with a net worth of $300 million.
Some think that aging is a period of decline, particularly for women. It couldn’t be further from the truth, women near or past 50 aren’t declining, quite the opposite. They’re stronger and more engaged in their careers, and often times embracing their true passion and making a business out of it.
There is no set deadline for success. To set up a successful entrepreneurial road, you first need to build up confidence. There is a lot of trial and error in the business world, and the benefit of being a mature woman is that you have experience and wisdom on your side.
According to a study by the Harvard Business Review, the average age of a successful startup founder was 45. While some people, like Mark Zuckerberg or Bill Gates, are able to carve their own career paths in the early twenties, you shouldn’t compare yourself to them. The best thing you could do is figure out what you truly love, learn how you can make a business out of it, and redefine success on your own terms.
How old were you when you started your business? Do you think your age defines how successful your business will be? Connect with me on Instagram over @lauraleebotsacos and let me know your answer.
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