Do you want to start your own business but think you might already be too old for it? In this case age is nothing but a number.
I turned 40 last year and as I sat back chatting away with a group of friends who are heading towards the big 50 I heard a lot of “if only” or “should have” or “I only wish”. We were talking about working for the man and being employed as opposed to being a business owner. I firmly fell into the latter category and have mostly started my own businesses or have been an investor in others.
In fact, if you had have told me at 17 when I pretty much dropped out of school that 23 years later I would have run a billion dollar company, chair a university institute or have represented Australia on a UN body I would have honestly said you had rocks in your head.
But there it is. So, the more we chatted, and keep in mind there are highly respected business executives and academic leaders, the more I realised that no matter how successful they all were working for someone else they all felt as if something was missing.
Now, rarely do I pontificate in my circle of friends because when we get together on a Friday night for a few beers we usually just talk sport and manly type things like fishing and who has a bigger boat – but this time I decided to give them advice – these are the five things I would tell my 50 year old self (or for that matter 60, 70 or 80 year old self) about being an entrepreneur:
#1: It’s never too late: it doesn’t matter how old you are or at what age you decided to bring an idea to life. The key is not getting right to the end of life and being regretful. Do it, don’t regret it
#2: Harness your experience: life experience matters. It shapes us and it enables us to look at problems through a different lens. We tend to second guess that life experience; don’t, harness it
#3: Failure is still ok: failure is still okay at 50 just as it was at 30 and at 18. Lessons are part of our life long journey and right up until our last breath we would have learnt something new
#4: Planning is still essential: mapping ideas and putting structure around them are still important at 50 as they were at 18. This time the goals and objectives may be a little different so still set them
#5: Be clear on your exit strategy: as we get older it becomes more important to work towards independence in retirement. Make sure you map your time line for exit to meet your plans for retirement
The reality is life tends to teach us all lessons at different points and one lesson above all else has always stood out for me: have a go.
Don’t forget our elders can suffer in silence too: suicide prevention
Many people think that mental health and suicide are not topics that impact our elders but they could not be more wrong. The data tells us there continues to be an emerging trend when it comes to peop...
Wherever you look these days, not matter the developed country, whole population groups and peoples struggle with the daily grind of life. From children in state care to mental health, from affordable housing to the primary health system and from education to employmen...
For the last few years I have been fortunate to have been involved in the aged care sector and have seen both the lows and highs. Today we live in a world where most of us are living longer thank to more awareness around healthy living, the advancement of better medica...
You can’t go past a news paper, radio show or television news story these days without being flooded by all things Bitcoin or Crypto Currency. Some say it’s the new world of money while others suggest its all just a passing fad. Whatever your position or preference of...
The New Zealand Maori Council has called on the Government to step in and ensure the recommendations made by the Children’s Commissioner in respect of youth detention facilities be implemented without delay. The Report released to the previous Government carried a seri...