What’s the Perfect Age to Start a Business?

TRIBE Newsletter – December 13, 2024

Hey founders,

We’ve all heard it before: entrepreneurship is a young person’s game. 

College dropouts like Zuck and Gates are the poster children of startup success. But…what if that’s not the whole story?

What if your 40s, 50s, or even 60s are actually the best time to launch a business?

This week, we found a cool study that flips the script on the “ideal age” to start a business.

Spoiler: it’s older than you think

What Do the Numbers Say?

Here’s what this study found: the average age of the most successful startup founders isn’t 25—it’s 45.

Here’s the breakdown:

  • A 50-year-old founder is 2.2 times more likely to create a successful startup than a 30-year-old.

  • A 40-year-old founder is 2.1 times more likely to succeed than a 25-year-old.

  • And a 60-year-old founder? They’re 3 times as likely to succeed as a 30-year-old.

Why? 

Experience. Execution. And connections.

Younger founders may have energy, but older founders have wisdom—honed through years of learning, failing, and adapting.

Colonel Sanders didn’t start KFC until his 60s!

Experience > Energy

Success isn’t just about having great ideas. It’s about turning those ideas into reality. 

Execution matters more than inspiration, and experience helps you execute better.

And experience gives older founders the edge:

  1. Real-World Wisdom: Years of working in an industry or market give you insight into what works—and what doesn’t.

  2. Networks that Work: By your 40s or 50s, you’ve built a professional network. Those connections can open doors for partnerships, funding, and customers.

  3. Resource Management: You’ve learned to manage your time, energy, and money more effectively than you could in your 20s.

Think of your career so far as training. Every skill, lesson, and connection you’ve built is a tool in your entrepreneurial toolbox.

Ray Kroc jumped into McDonalds at 52

3 Founders Who Prove It’s Never Too Late

If you’re still skeptical, let these success stories inspire you:

Ray Kroc (McDonald’s)
At 52, Ray Kroc saw potential in a small burger joint run by the McDonald brothers. He didn’t just buy into the idea—he turned McDonald’s into the most iconic fast-food chain in the world.

Vera Wang (Vera Wang Bridal)
Before becoming a household name in fashion, Vera Wang was a figure skater and journalist. At 40, she designed her first wedding dress. Today, her brand defines modern bridal wear.

Colonel Harland Sanders (KFC)
After a lifetime of odd jobs, Colonel Sanders franchised his fried chicken recipe in his 60s. What started as a single restaurant became a global fast-food empire.

These founders leveraged their life experiences to build something remarkable.

Vera Wang sewed her first wedding dress at age 40

The Big Takeaway

There’s no “perfect” age to start a business. 

But if you’re in your 40s, 50s, or beyond, here’s what you need to remember:

  • Your experience is your superpower. You’ve spent decades sharpening your skills—use them.

  • Your network is an asset. Lean on the relationships you’ve built over the years.

  • Your time is now. Whether you’re 30 or 60, it’s never too late to start solving problems and building something meaningful.

The train hasn’t passed you by. 

In fact, it might just be arriving at the perfect time.

Questions for the Week

  • What experiences or skills from your career can you apply to a business today?

  • Who in your network could help you launch or grow your idea?

  • What’s stopping you from getting started right now?

Keep building – no matter what age you are! 

—The Tribe Team