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In my experience as a strategic advisor to business leaders as well as being a serial entrepreneur myself, I find that many people believe that they cannot become entrepreneurs because it is “too late” for them or perhaps the sun has set on their chance to make a massive change in an industry or the world. Whether it is the way entrepreneurship is marketed to the world these days or some other reason, these individuals feel there is a hard deadline on starting a successful business.

I have found that there are three common reasons that people believe they cannot become an entrepreneur: 

  • They believe entrepreneurship requires specific training or credentials like other fields of work 
  • They believe success in entrepreneurship comes before a certain age
  • They believe they need to live in a certain area of the world


The great news that I bring to many individuals is that these reasons are baseless fears. Not a single reason listed above could not be further from the truth, and, today, I want to explore why.

Schooling Isn’t Always the Answer

First, let’s talk about the belief that entrepreneurship requires some specific level of training, a degree, or unique qualifications. The individuals that let this hold them back from innovation that could change the world typically believe they need an ivy league education or a certification from someone who has blazed a trail before them.

But let me ask you: Did Michael Dell let this hold him back? Not a chance! As many may or may not know, he spent his time upgrading and selling computers in his dorm room. 

At the age of 19 Dell started his first company, PCs Ltd., which became Dell Computer Corp. in 1987. By 1992, Dell became the youngest CEO on the Fortune 500 list at 27. His net worth around $20 billion today.

How about to other entrepreneurs who are vastly different in their industries but similar in one realm — having little formal education. I’m talking about both Steve Jobs and Rachael Ray. Both entrepreneurs dropped out of college and Steve Jobs went on to found Apple Computers while Rachael Ray became a successful author and businesswoman.

In short, neither a business degree nor a degree at all is required to become a successful entrepreneur.

Entrepreneurship Is Ageless

What about the second reason — needing to be of a certain age? Do you have to be Mark Zuckerberg, founding Facebook at the age of 20? Why is this a fallacy?

Especially today, hitting the reset button later in life is becoming more and more common as the physical and mental longevity of human beings extends thanks to profound healthcare, diet, and exercise. Nevertheless, there are some classic examples of tremendous success from older individuals.

Bernie Marcus co-founded Home Depot at 50 years old and Colonel Sanders actually started selling his KFC chicken at 65. There is no age constraint on becoming an entrepreneur and, as a matter of fact, being Anticipatory and using some of the principles in my Anticipatory teachings becomes easier as you get older, based on life experience, living through exponential change, and piecing together the reality that nothing is perfect and there may be a better way to solve a problem.

Location Is NOT a Constraint

As for needing to reside in a certain location, the internet and the growing interconnectivity of our global market is making location work and the perceived success around it largely unnecessary. This is a great thing, as for the right Anticipatory Leader, this means even more opportunity than ever before!

You can reside in one location and still reach any customer base or business opportunity across the globe. What helps debunk this fallacy that entrepreneurs have to live in certain areas are my Three Digital Accelerators — processing power/computing power, bandwidth, and storage. These “accelerators” all aid in the ability for entrepreneurs of any industry to better connect with customers, execute sales, and even deliver products.

Do You Have What It Takes? Ask Yourself These Questions

Now that you have a foundational understanding that education level, age, and location are not factors that should hold you back from pursuing entrepreneurship, what does it require to take the leap into entrepreneurship and act?

To know if you have the tools necessary to become an entrepreneur, ask yourself the below three questions:

1. Are You Hungry Enough?

Successful entrepreneurs have the motivation to pursue an opportunity as it comes along, as they are driven and eager to create transformation. So I ask you, are you hungry enough to make a difference? Likewise, is that hunger driven by the desire to do something significant or simply by monetary success?

2. Are You Ready to Work Hard?

Nothing comes easy, least of all entrepreneurship. It requires dedication, perseverance, and passion. While working hard is certainly the question here, perhaps an additional inquiry should be: Are you ready to work smart? Entrepreneurship takes an Anticipatory mindset, allowing you to actively see opportunity in disruptions. 

3. Do You Know Where to Start?

A business never emerges out of thin air, and the entrepreneurs mentioned here today did not have the opportunity to start a business fall into their lap passively. Of the things entrepreneurship does not require, there are certain actions that it does require, such as looking to Hard Trend future certainties, disruptions, and determining where the opportunity lies. 

You may answer the first two questions in the affirmative, but sometimes knowing where to start is the hardest part. If you need help beginning your entrepreneurship journey, consider signing up for my Anticipatory Leader Membership to build a foundation for yourself to start.

Now, it is your turn to make a significant transformation in the world and be a positive disruptor that betters the lives of those around you!

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As we spoke about last week, the bond market really wants to improve. All the data on Tuesday and Wednesday, along with a lack luster 10yr auction still couldn’t keep the 30yr 5.5% coupon from fighting hard to retake it’s 200 day moving average once again. Make no mistake about it, I’m not saying we are going to see a robust move, not by any means, but I do see that the trend is for prices to improve and rates to go lower. Maybe the phrase will have to be, “Lower, slower” or something like that, but until we clear all of the old data from the first half of last year, even though the signs are all there, the year over year comparisons will still look worse than they really are! It will be June and July before we start running into where the market began to turn for the worse last year, so be patient and prepared!

The same will hold true for the housing and price data. Year over year numbers for both purchases and refinances will look much stronger in a few months, we just have to clear the old numbers out. As it was, purchase activity is still pretty solid and rates are NOT stopping people from buying, it’s the fact that a weaker than normal listing first quarter of 2023 has left weak inventory even weaker than we could have imagined. We need to use ALL of our strategies to help our agents get out and get in front of homeowners and talk the talk about listing and buying! The first-time buyers are already in the market. We need to push the middle and higher end markets to get moving and PULL the entire market UP!

Sometimes we can push from the bottom up. However, we already have plenty of first timers already preapproved, we need the system to pull activity higher. There needs to be inventory in the second and third tier homes available so the entry level homeowners can see an opportunity to sell and move onward. It’s NOT RATES! It’s INVENTORY that is the challenge, and the only way to get inventory is to go out and GET IT!

Questions or comments: This email address is being protected from spambots. You need JavaScript enabled to view it.

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