The best time to start a business is in your 20 's.

It's never too late to chase your dream and become an entrepreneur whenever you want. People of any age are likely to succeed, for example, Sam Walton at the age of 44 to create Wal-Mart, and at the age of 12 with Mo ' s bows to obtain 150,000 U.S. dollars sales of Moziah Bridges.

Although there is no age limit for entrepreneurship, anyone can do it, but at the age of more than 20 to start a business, there will be some advantages. I started working for myself at the age of 22. For the following 5 reasons, I would like to encourage young people who are in their second decade of life to start a business, especially on an online business.

1. Young people have fewer ties.

Let's say one thing: not every creative can make money. New online businesses appear every day, but only a small fraction can achieve the ultimate success. One of the advantages of a young person is that without a family, you have no spouse and no children, which allows you to devote all your energy and money to your business.

2. Creating long-term financial security

A good online business can bring you a stable revenue. In fact, there are a number of ways you can get a 6-digit annual revenue from an online business. If you have learned how to create a successful online business at the age of 20, the experience and knowledge will be with you throughout your life, making you financially secure at any stage of your lifetime. As you grow older, you can start a new adventure and keep improving your income.

In the future, people will need to enrich their sources of income when they retire. Relying entirely on old-age insurance and pensions will not allow you to get a high quality life in your later years. And for the entrepreneur, as long as they want, there will be no retirement day.

3. Individuals mature Faster

Nothing can make you grow faster than being responsible for your own business. There is no age difference between business rules, 50-year-olds and 20-year-old entrepreneurs adhere to the same principle, they face the same risks and challenges. Entrepreneurship will bring you a lot of valuable life experience, start your own business when you are young, and you will mature faster than your peers.

4. Access to work anywhere in the world

Last year Thrillist a famous article in which the author lists some of the reasons why 20-Year-old should resign to travel. It refers to contact with the real world, when you are old, you will not regret this experience. In my opinion, travel does not have to resign, as an entrepreneur, you can use the opportunity to travel to feel the world.

In any corner of the world, you can do online business, all you need is the Internet. Online Entrepreneurship in New York is no simpler than in Costa Rica, and all entrepreneurs in the world are in the same arena. If you choose to start online, you can take the time to manage your business while you travel. And when you reach the age of 30-40, you are likely to lose this opportunity, because in addition to entrepreneurship, you have to take care of the family, making it difficult for you to "walk on the trip."

5. The threshold for entrepreneurship has been lowered

Before the advent of the Internet and E-commerce, it was difficult for young people aged 20 to find opportunities for entrepreneurship. Bank loans, credit limits and property guarantees were an insurmountable barrier for young people at the time.

And compared to the traditional real-store companies, today's online business threshold is lower, in other words, the capital needed for entrepreneurship has been greatly reduced. This means that young entrepreneurs can start a business immediately after they get out of college or even go to college.

The writer Thomas Smale is co-founder of Fe Analysys Inc.

(via entrepreneur)