Why Starting a Business Late in Life May Be Smarter Than Starting Early

If you want to achieve your dreams, never give up.
VIP Contributor
Chairman and CEO of Brian Tracy International, Speaker and Author
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In this video, Entrepreneur Network partner Brian Tracy says it is never too late to realign your thinking and shoot for success, so start by telling yourself just that: It's not too late.

Next, write down your goals. By seeing your goals on paper, you will crystallize the things you want to do and breathe life into the idea. You don't legitimately know what your goal is until you can describe it on paper. 

Don't forget to make a plan. Tracy says that if you fail to plan, you plan to fail. A designated structure helps to determine if a goal is possible according to a set timeline. Moreover, a plan helps you to see all the moving parts and weigh the upsides and downsides of each; this judgment is more cemented when you start a business at a later age, says Tracy.

Finally, never give up and exercise your self-will constantly. How dedicated and how far you're willing to go toward a goals is sign of how much you truly want it.

Click the video to hear all eight tips for achieving goals at any stage of life.

Related: Self-Confidence Is the Best Motivation for Chasing Your Goals

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical. Watch video from our network partners on demand on RokuApple TV and the Entrepreneur App available on iOS and Android devices.

More from Entrepreneur

Get heaping discounts to books you love delivered straight to your inbox. We’ll feature a different book each week and share exclusive deals you won’t find anywhere else.
Jumpstart Your Business. Entrepreneur Insider is your all-access pass to the skills, experts, and network you need to get your business off the ground—or take it to the next level.
Are you paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.

Latest on Entrepreneur