09 Feb Does Your Age Matter as an Entrepreneur?
A bit of Wisdom from Parick Bet-David: From a humble beginning as a young immigrant escaping war-torn Iran with his parents, to founding his own company, Patrick has gained a first-hand understanding of what rags-to-riches means and how it is fueled by freedom and opportunity – the core tenants of the American Dream. He served in the 101st Airborne before starting a business career in the financial services industry with Morgan Stanley Dean Witter. PHP is now one of the fastest growing companies in the financial marketplace. Read more about Patrick…
The answer isn’t as simple as you might think. Bet-David says that older people are more paranoid, wiser and logical, and they have more contacts and more to lose — all of which may give them an advantage in business. To the contrary, young people are more naive and emotional, they think that they know everything and they have nothing to lose — also traits that can benefit entrepreneurs.
For example, some level of naiveté helps in business — it makes people more optimistic and willing to ask for help. However being somewhat paranoid is also good for business, because it makes people cautious and methodical.
Depending on how you look at things, age and youth can both be good for business. Listen to the video below to find out more.