Experience And Innovation Essay

“Age is an issue of mind over matter. If you don’t mind, it doesn’t matter.” Mark Twain
In the past couple of years, we have seen a breed of very young and ambitious entrepreneurs take over the startup scene and dominate newsflow. The founders of Facebook, Twitter, Amazon, Tesla, Google, Apple and such billion dollar venture all took their entrepreneurial leap in their twenties. Closer to home, Zomato’s Deepinder Goyal, Kunal Bahl and Rohit Bansal of Snapdeal, Sachin Bansal of Flipkart and Ola’s Bhavish Aggarwal are just some of the few names who manage to strike startup gold before they hit their thirties. It’s interesting to see how these young achievers have managed to make their entrepreneurial dream a success without much corporate experience

When it comes to entrepreneurship the only things that matter are a great idea followed by back-breaking hard work. In fact, those in their 40’s and 50’s looking to take the plunge have a huge advantage– EXPERIENCE! When experience and innovation come together sustainable and profitable businesses are created. Here are a few reasons:
Complex is normal
Older individuals have generally more experience in handling complex tasks with multiple decision factors – think about raising a family or even buying a house. These might not seem immediately significant but are all real-world skills that can be applied to complex business situations.
Fluid Intelligence
While fluid intelligence does tend to decrease with age, we’re talking about people in their 40’s here right? Fluid intelligence helps in solving new problems that need to be understood and solved in minutes. Owing to the Big E (read Experience) the older corporate executive can look at pressing problems and come up with workable solutions, often faster.
Technical know- how
Having been in a particular line of work gives the older executive the knowledge advantage – not just in its theoretical application but in its practical implementation as well. This is invaluable when most startups today tend to be built on a solid technology foundation.
The HR, as in Human Relations,