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If you're in your 20s and looking to launch a business, there's good news and bad news.
The good news is that the average age of a successful founder in the US is 45, Business Insider reports.
The bad news is that just 6% of entrepreneurs in 2022 were between 20 and 30, and 64% were 40 or older, Statista reports.
But there's a silver lining: "Success can happen at any age and we should discourage young people from putting out deadlines on their dreams," says entrepreneur Kate Berski, who now helps quarter-lifers take back their 20s and feel confident in their 30s.
Here's what else you should know about starting a business in your 30s: Don't focus on your age.
"Your experience is what really matters when it comes to successful entrepreneurship," says SCORE's Emma Waldman.
Focus on your network.
You're more likely to meet like-minded people when starting a new venture, and you'll have the time to build and nurture relationships.
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A customized collection of grant news from foundations and the federal government from around the Web.
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Gawad Kalinga faces questions over its response to concerns about the care of young people in its organization.He believes that open and honest discussions engaging not just organization heads, but...more
Assam NewsVeteran entrepreneur and artiste Abhijit Chaliha passed away at the age of 65 at his residence in Sivasagar town.He was the cousin of former Assam Chief Minister Bimala Prasad Chalih.Among...more
WayMakers is an organisation which supports people with autism and ADHD.Founder Alex Kelly says businesses may not be aware of the support available.Support includes neuro-affirming strategy...more
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Social Entrepreneurship News from...
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Spotlight
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In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.