A 50-year-old founder is twice as likely to build a successful and sustainable enterprise, having either an IPO or a successful acquisition, as a 30-year-old founder. Moreover, older entrepreneurs rack up more successes than their younger counterparts well into 60s.

And guess what? Most founders weren’t always entrepreneurs. Most successful ones worked corporate or other jobs for years, if not decades, before launching their ventures.

The world is changing rapidly and sweeping away antiquated myths as it does. COVID-19 decimated jobs for many, but it was also responsible for an unprecedented explosion of older entrepreneurs. In 2021, people between 50- 59 accounted for 35% of the startup founders, according to Small Biz Trends. About 60% of people who start small businesses are now between the ages of 40-60, reports National Business Capital.

The trend has been building for years. In 2016, the Kauffman Foundation, which studies entrepreneurship in America, found that entrepreneurs age 55-64 founded the most new ventures of all age cohorts studied in the prior 20 years. So, stop letting old myths get in your way. Build your business and get all the support you need in a community of myth busters. Join Business Authority.