Is It Too Late to Start a Business? Where can I Start?

I was filling out a survey for Fintech companies in the Philippines, and one of the questions there was how old each founder was. In the tech industry, there are a lot of young founders, so I find questions like these to be awkward. Obviously, there was nothing wrong by them asking that question, since it was a survey and they need data. It was my own mind that was making uncontrollable judgements. haha! It was my own self telling ME that it’s too late to start a business. I’m in my late 30s and I just seem old to be starting these very millennial-ish business.

Because of the voice inside me that was telling me to feel ashamed about my predicament, I decided to write about the PROs why it’s never too late to start a business. It can seem scary to start a business at an old age. But, it does offer a lot of advantages. Take for example Harland Sanders, who started Kentucky Fried Chicken (KFC) at 65 years old and became successful. At an old age, you have a bigger network and gained more experiences and knowledge. You also have more tenacity to make your business venture a success.

A bigger network

At 40s and up, you have already met many people during your professional career. You have already built stronger connections with peers and colleagues. You know who among them are reliable and trustworthy. Tap into their expertise and call them up in case if you need legal, financial, and marketing advice.

A wealth of knowledge and experience

When you’re older, you have gained more experiences and knowledge. You have been through many jobs and experienced failures. These guide you to make better decisions. By this time, you have gained more business acumen and expertise in your craft. Those learnings build you to become more prepared in your business venture.

More tenacity

You are more responsible to handle problems as they arise. You can make a firmer stand on important business decisions. You don’t easily lose heart in the face of problems. You understand that it takes patience and determination to make your business venture a success.

What are the business opportunities for you?

There are a lot of business opportunities for you. All of the things mentioned above make you more likely to succeed even. What really stops you are all of those personal judgements that you make on yourself. No one thinks that! So every day, wake up feeling capable. Each day, tell yourself that you can make things happen.

Believe that it’s not too late to start a business.

Entrepreneurs Make Things Happen

We make decisions — decisions that will form our destiny. I do not think that destiny is something already planned out for you. I believe that you make things happen. You create your own destiny.

There was a time, three years ago, when I couldn’t keep still. I was looking for that something that would make me happy. I was looking for something that would make me feel more fulfilled. After a few months, I actually found it. It was right before my very eyes. It was something that I created, called Manila Workshops with the main intention to help other people find their own path that would make them feel happier, too, and more fulfilled. This path that embraced continuous learning was then advocated by other people, who I lovingly call Team Manila Workshops.

We continue on our journey to help execute learning events since we each believe that we all have a lot to learn and we should commit to learning something new everyday. We have seen how learning positively affects people’s lives and how it brings people closer to their entrepreneurship goals.

I was curious to know why entrepreneurs like me made that big leap into starting their own business. Was it because of a dire need for extra cash? a need to have more time for themselves? a need to explore and satisfy their curiosity? or a need to change the world and make a difference? Here are some of their reasons.

 

It’s amazing that we all have our own reasons why we started our businesses, and I believe that these people are all successful, not because of the magnitude of their reason, but because they were/are clear on what they wanted to happen. I recently came across a form that asked me what my own definition of success was. I actually forgot what I wrote, but I thought about that question even after submitting the form.  Then I came up with this definition…

Success comes in all shapes in sizes all throughout an entrepreneur’s journey. Success is having a clear end goal in mind and working with grit, tenacity, and respect for others along the way. Then, success becomes achieving personal dreams and aspirations — having the capacity to enjoy life to the fullest! And then lastly, success becomes a journey in an awakened path where your main goal is to help others achieve their own successes.

Starting a business is hard, and not everyone makes it alive in this journey. I am no expert. In fact, I am currently walking on this journey, collecting more Pokemon balls with others, in order to gain more XP. We can never put any limit to learning, because the path just gets harder and harder (you will need more raspberries and great balls). But you are not alone. In times when you feel down and miserable, just go through the slides above and be reminded that there are others ahead of you, clearing the path and their making it easier for you to tread on.

PS. Thank you to all those who contributed their thoughts! I apologize as I could not include all those who replied and sent messages. I appreciate and love you all! I hope I will be able to meet and talk to each one of you in the future!

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Start a Business from Home this 2016 (This time for Real…)

I’ve been thinking on what and how I will motivate you to start your business and I thought about comparing it to losing weight. Dang! Losing weight is so hard. Just this year, I was talking to a friend from the States (*Hi Kat!*) and she was telling me how bad she wanted to lose that extra layer of fat that remained after she gave birth. Man, I remember the time two years ago when I had my daughter and I really wanted to get back to my weight fast. It was definitely a struggle. So anyway, I gave her a copy of this book by my idol Timothy Ferris, which was the 4 Hour Body. And I really swear by this book! It changed the way I viewed losing extra fat. He talks about simple steps that you can take to lose weight, and believe me I did! After I gave birth, that was the “chubby-est” I have ever been and after I read and followed his book, I am at the LEAST chubby-est state that I have ever been… haha!

Anyway, here is the link to the book in Amazon.

So after sharing the book, and after my friend read the book, she was seriously determined to do the simple steps. After two days, she messages me on Facebook and tells me she can’t do it, because she has to eat fruits. My poor friend loves fruits, but in the book, it really states that you should give up fruits since it contains sugar. So, bottom of the story is I know that it’s really hard to start going into something that will obviously change everything about your life. That’s the same with business.

Starting a Business is much like going on a diet.

Once you have thought and decided to go into business, here are some things that you can do to finally get you in the groove to start that business that you want.

1) Create some visual motivation.

In my case, I create a vision board and pin it to the corkboard in my room. This vision board are split into short term goals and long term goals. Another thing that I do is print out the business canvas of my business and the projections. These are the things that I consider to be my maps in my business / startup journey! Always have these things accessible so that you can always go back to them and check if you are still on track.

*BTW, watch out for the announcement for a visual business plan workshop this January. These are perfect for people who love to see beautiful things or colorful things. Business plans can be colorful, cute and fun to make, too! Subscribe to ManilaWorkshops.com Newsletter to get updates.

2) Designate a planner, journal or notebook that you will use for your business, and write one main objective that you need to accomplish everyday.

These objectives may seem menial, like writing an email to this person or messaging a business partner, but each task will take you a step closer to the goal.

3) Block off one full day at the end of every month, starting this January to assess how far you are from your goals and to see if you really are moving towards that dream.

This really helps me a lot, since at the end of the month, I really get to review and have a conversation with myself (just like a crazy person!) as to whether I did enough or I still lack in being pro-active.

It’s really hard to get the ball rolling when it comes to creating a business, but take these little steps and you’ll go a long way. Before you know it, your business will be up and running in no time!

Do you have other tips that you want to share? I would love to hear them! Just leave a comment below!