Myth buster: Success comes to the young only

In recent years, entrepreneurship has become a cultural phenomenon with many young people aspiring to become the next Steve Jobs or Mark Zuckerberg. The "young founder myth" is the idea that successful entrepreneurs are young, brilliant, and innovative individuals who achieve their goals through hard work and determination. However, this myth can be a trap as it sets unrealistic expectations and ignores the importance of experience and collaboration.

The media often portrays successful founders as young geniuses who came up with their ideas on their own, worked tirelessly to build their businesses, and achieved overnight success. In reality, however, most successful entrepreneurs are not overnight successes and the road to success is often long and difficult. 

Entrepreneurs who buy into the young founder myth may become discouraged if they do not achieve success quickly, leading them to abandon their dreams and move on to something else.

Young entrepreneurs may be full of fresh ideas and energy, but they often lack the experience and expertise necessary to build successful businesses. In addition, entrepreneurship is rarely a solo endeavour, and successful founders often rely on a team of experienced professionals to help them achieve their goals. Entrepreneurs who believe in the young founder myth may be hesitant to seek out the help and guidance they need, thinking that they can do it all on their own.

Another factor that a lot of people overlook is that the myth leads to a focus on age rather than merit. The emphasis on youth as a key factor for success can cause older entrepreneurs to be overlooked and undervalued, even if they have significant experience and expertise in their field. This can lead to a lack of diversity in the entrepreneurial community and a missed opportunity to benefit from the knowledge and skills of older entrepreneurs.

The young founder myth can perpetuate the idea that success is only achievable by a select few. It can be discouraging for aspiring entrepreneurs who do not fit the young founder mould, leading them to believe that success is only attainable by a privileged few. This can limit the potential of the entrepreneurial community and prevent new and innovative ideas from coming to fruition.

Lastly, the myth of the young entrepreneur can be harmful to young people themselves. By suggesting that success in business is the only path to financial security and fulfilment, the myth can create unrealistic expectations and place undue pressure on young people to pursue entrepreneurship at the expense of other, equally valuable paths in life.

This pressure can be particularly harmful to young people from disadvantaged backgrounds, who may lack the resources and support necessary to pursue entrepreneurship.