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Discover the perks of starting a business in your 50s: experience, resilience, and increased chances of success.

Forbes 30 under 30 – our take

If the first thing that crosses your mind when you think about successful entrepreneurs is the cliché of the young brilliant visionary, think again. Even though there are notorious exceptions to the rule, namely Mark Zuckerberg and the other Silicon Valley gang of college dropouts, new businesses are often run by people who caught the entrepreneurial bug a lot later in life. In the spirit of the reveal of the famous Forbes 30 under 30 list this month, we decided to offer a different perspective and address the perks of starting your venture in your 50+ years.

1. You’re intellectually savvier
It turns out that climbing the corporate ladder actually pays off – not only you can draw from the experience formed early in your career but you’re also likely to have more business connections, which comes in handy if you’re looking for an investor and to gather the right team to come on board with you.

2. You’re more resilient
An Oxford-led study actually shows that age is directly related to engagement and efficacy, not to mention fewer chances of burnout. These more stable emotions allow individuals to adapt and recover quickly – something that can only help with the work demands for successful entrepreneurship.

3. Ultimately, you’re more likely to succeed
The average age of high-tech start-up founders it’s 43 and for those rare unicorns is 45, plus the likelihood of success increases with age up until 60. Compared to 30-year-olds, 50-year-old have double the chance to build a thriving enterprise that has either an IPO or landed an acquisition, another research shows. Time is on your side!