Most of us aspire to become a businessman at one stage in life. Again, most of us never accomplish that dream. Some always hesitate doing that due to overvaluing risks, laziness and umpteen other problems. Some of us do not have the capital to do so. Some businesses lose scope due to evolving tech. There are reasons why you should stop sticking to your 9-5 and start your business very early in life.
The key to success of any business is the idea that created it. The idea makes the business worthwhile. Does it solve the major problems in your society is what you must ask yourself. When you have a great idea or concept, you can manage to start your business from minimal capital too. You can give business capital the top priority on your funds. You can also raise more needed capital through angel investors and crowdfunding platforms. Make sure to pitch your idea in a great way.
You can never cash in on your ideas till you take action. Some of the greatest ideas never frustrated because of a shy entrepreneur. When your concept is about solving a problem for your society, it loses value with age. Some other guy is going to present his idea and create a service. You need to get out there real quick. Start a business, present it to the society and market it extensively.
The risk tolerance is going to be high in your 20s and 30s. After that, there is going to be mortgage loans, kids, and their education fees and so on. You cannot take risks, when there are too many commitments. Truth be told, not all startups are going to make it. There tends to be more energy and motivation in your youth. It is a lot of work to run a startup and you should do that in your energy filled years.