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I am 52 with two kids and I have been doing startups for the last 15 years. You need support from your family and you need good health. It is hard for the family to support you emotionally unless they are financially secured.
Age, marital status, and personal situation have much less to do with it than you may think. Removing the word "fail" from you vocabulary have much more to do with it than you think. Go for it!
Are you suggesting that the 'fear of failure' is a major reason why people don't make the leap? I have to say, I think you are correct. Fear of failure is HUGE. Imagine if I had a fear of failure.... what could be the outcome? 1) Leave current job (it pays the bills etc.) 2) Start new venture 3) Fail! (I have deliberately shortcut the possible reasons - so bear with me!) 4) No money comes in.... 5) Can't pay bills...…
You could start by removing the word "can't" from your vocabulary.
If you need someone else to convince you to do a startup you are in the wrong game.
Does your wife work? If yes, may be. If no, forget it. I am 52 with two kids and I have been doing startups for the last 15 years. You need support from your family and you need good health. It is hard for the family to support you emotionally unless they are financially secured.
Thanks for mentioning this. People don't normally think of their health until they lose it. It's so important that I'd represent it like this...
Probability of success = (a + b + c + ... + z) * health
Earlier quoted context omitted.
Are you suggesting that the 'fear of failure' is a major reason why people don't make the leap? I have to say, I think you are correct. Fear of failure is HUGE. Imagine if I had a fear of failure.... what could be the outcome? 1) Leave current job (it pays the bills etc.) 2) Start new venture 3) Fail! (I have deliberately shortcut the possible reasons - so bear with me!) 4) No money comes in.... 5) Can't pay bills...…
"I can't remove the word fail from my vocabulary" You could start by removing the word "can't" from your vocabulary.
I assume so, as you clearly understand my comments.
Something more thoughtful would help! ;)
NO! You have already failed by the fact that you need to ask the question. If you need someone else to convince you to do a startup you are in the wrong game.
I wonder how many never ask and never try.
2) Are you willing to commit 20 hours a week part-time or 60 hours a week full time? If "No" to whichever is appropriate then I'd say that you would find it difficult to succeed regardless of other circumstances.
Best of luck to you!
Does your wife work? If yes, may be. If no, forget it. I am 52 with two kids and I have been doing startups for the last 15 years. You need support from your family and you need good health. It is hard for the family to support you emotionally unless they are financially secured.
"good health" Thanks for mentioning this. People don't normally think of their health until they lose it. It's so important that I'd represent it like this... Probability of success = (a + b + c + ... + z) * health
Earlier quoted context omitted.
"I can't remove the word fail from my vocabulary" You could start by removing the word "can't" from your vocabulary.
Are 'fail' and 'can't' words in your vocabulary? I assume so, as you clearly understand my comments. Something more thoughtful would help! ;)
It may not have been very profound, but that was the most thoughtful response I could give.
I believe the single biggest differentiator between success and failure is not giving up. Removing the words "can't" and "fail" from your vocabulary is a very simple illustration of this philosophy.
(Lighten up, it's metaphorical, not literal.)