Can Entrepreneurship be Taught?
This question has been answered for years by professors, entrepreneurs, students, entrepreneurs and individuals who want to start a business. Inc. magazine, Huffington Post, and Forbes, as well as numerous other journals and magazines, recently addressed that very question.
The stages and their corresponding detailed steps in identifying an idea and then proceeding to business development can be taught. In a classroom or online, students can ‘learn’ how to start a business.
So, the question is can the processes involved in developing an enterprise be taught? A resounding YES comes from many successful entrepreneurs. In fact, many of these entrepreneurs have taken as their life-goal teaching business development.
But specifically, can someone over the age of 50 become an entrepreneur?
According to a recent study by the Kaufmann Foundation,
“Boomers are twice as likely as Millennials to be planning to start a new business. The foundation also found in their 2016 Startup Index that 24.3% of all new entrepreneurs fall between the ages of 55 and 64.”
My favorite TED talk is one that Jane Fonda gave just recently. She wasn’t asked can people over the age of 50 become entrepreneurs, especially without prior knowledge or experience, but she did give an answer that is appropriate for us here:
“It’s not having experiences that makes us wise. It’s reflecting on the experiences that we’ve had that makes us wise and that helps us become whole, brings wisdom and authenticity. It helps us become what we might have been.”
Why Should You Learn to Become an Entrepreneur after 50?
There are many reasons, from a personal perspective and from a professional one, why there is a surge in revising the traditional definition of retirement. Whether the recession has wreaked havoc on your retirement savings, you have lost a job, or you feel you’ve reached the end of your career but still feel a yearning for more. The Kauffman Foundation’s index of startup activity shows that those ages 55-65 represent 24.3 percent of all new entrepreneurs, compared to just 14.8 percent in the same age group in 1996.
What Inspired Me to Become an Entrepreneur?
My story is not uncommon. I started advancing in my career late in life and realized I reached a plateau too early for my knowledge, energy, enthusiasm, for what I know I can still do. I taught entrepreneurship for 15 years, and I helped hundreds of nascent entrepreneurs develop their dreams. This was always my passion: to help entrepreneurs reach their dreams. So I started Silver Founder Academy.
I believe: Never be afraid to start over. It’s a chance to rebuild your life the way you wanted all along.
What Does it Take to Become an Entrepreneur after 50?
Entrepreneurship involves more than just the activities. It includes the attributes of the person starting the business, the entrepreneur. It is a way of thinking, the entrepreneurial mindset, that also requires a set of skills. It involves attributes and characteristics that through the years have been identified as common with other entrepreneurs. These attributes can be cultivated and that starts with you understanding the entrepreneur inside of you.
So how should one learn how to be an entrepreneur?
By being one. 51 percent of entrepreneurs who were asked, “What’s the best way to learn about entrepreneurship?” responded with “Start a company”.
How Can SFA Help You Become an Entrepreneur?
Silver Founder Academy can provide the experience of learning how to move an idea into a possible business. Go online and join Silver Founder Academy and become a Silver Founder.