Jeffrey Tucker wrote a good piece at The American Institute for Economic Research. It is an important reminder about how hard business is and how the idea that most entrepreneurs are young is a myth.

When I mention to people that the average of age of entrepreneurs is not the twenties, but around forty, they are at first surprised. After all, is Mark Zuckerberg young? Yes, but he was the outlier. Of course, once we think about it, it makes sense that people with experience, business skills, and insight would be more likely to start a business than a twenty-something with few skills and minimal experience. There are examples of young people with a great idea, but this is much more rare than an experienced businessman starting a new venture. As Tucker puts it: