The truth is that as far as there is good guidance, enterprenuership can commence even at a tender age of eight. With the aid of the applications available in the net nowadays any willing soul, no matter their age can become an enterprenuer.
What it takes are basically the willingness to take risks and the ability to make decisions.
Someone who exercises initiative by organizing a venture to take benefit of an opportunity and, as the decision maker, decides what, how, and how much of a good or service will be produced.
An entrepreneur supplies risk capital as a risk taker, and monitors and controls the business activities. The entrepreneur is usually a sole proprietor, a partner, or the one who owns the majority of shares in an incorporated venture.
According to economist Joseph Alois Schumpeter (1883-1950), entrepreneurs are not necessarily motivated by profit but regard it as a standard for measuring achievement or success.
According to him, enterprenuers
greatly value self-reliance,strive for distinction through excellence,
are highly optimistic (otherwise nothing would be undertaken), and
always favor challenges of medium risk (neither too easy, nor ruinous).
Now in this despensation organised professional groups like Microstart have taken over a greater part of these demands of the modern day enterprenuer, thereby making their work load lighter and enabling them to expand their business horizon and multi task.The truth is that an enterprenuer does not necessarily have to be a business man or woman, neither does he or she have to be a middle aged individual.
Once you know what you are doing and you like doing it and it can generate revenu for you, you are an enterprenuer.
I am a writer of books, poetry, film and theater scripts and research works. I like doing this. I came to the Microstart, and they helped me draw up a possible profitable project out of the enterprenueral proposal I presented to them. As professionals they saw the potentials in works and decided to guide me with a loan and enterprenueral advise. My age is not a hinderance. My back ground did not matter. What was important was my capability and my willingness to try.
So my observation is that with the right professional guidance as that being provided by Microstart, one can be an enterprenuer at any age. It is never too late to start. I am far above 50.
