It is without question that at the age 40 most people have already made their own family. And if you want to maintain a peaceful home you at least need to have an income or enough savings that will guarantee your family’s cost of living for the longest time possible. It is not impossible to put measures in place to start up your own business.

It is not your age: There is a philosophy that “a fool at 40 is a fool forever”. Is this true? Maybe, maybe not. A fool at every age can be a fool forever if you refuse to wise up and change. Well, sometimes it makes it easier when you are young and have less responsibilities. One very important quality that will help you as an entrepreneur is high emotional intelligence When you are 40 you are more likely to have enough of it than the young entrepreneur.

Related: 10 Bad habits that successful entrepreneurs avoid

It is not your working experience: When you are 40 you tend to have a lot of experience. That is not the most important factor that will make you successful as an entrepreneur. Your experience will not help if it didn’t wise you up. Take business advice from successful entrepreneur and read more about entrepreneurship. That will broaden your knowledge and lead you on the right path to becoming a successful entrepreneur.

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Investors do not consider age as a factor to invest in your business: no investor would ignore the opportunity to invest in a business because the CEO is too old or too young. You have to be able to convince them that you know what you are about. You have to show them how committed you are to achieving your goal.

It is not money: the success of your business does not depend on the huge amount of money you invested in it. Effective and efficient management is what counts.