When Is The Best Time To Start A Business Statistically?

Thinking of starting a business but not sure about the best time to start? Research provides some helpful insights into the age at which successful startups are typically founded, challenging the commonly held belief that younger entrepreneurs have an inherent advantage.

Despite conventional wisdom, age doesn’t necessarily hinder entrepreneurial success; rather, it may serve as an advantage.

What Research Tells Us

According to research conducted by Pierre Azoulay, J. Daniel Kim, Benjamin Jones, and Javier Miranda, the average age of individuals starting a business is approximately 42. However, the age at which founders start businesses differs depending on the industry, with the average age being around 40 for software companies and around 47 for biotech…