In this video, Entrepreneur Network partner Patrick Bet-David answers the question: "How big of a role does your age play when it comes to entrepreneurship?"

The answer isn't as simple as you might think. Bet-David says that older people are more paranoid, wiser and logical, and they have more contacts and more to lose -- all of which may give them an advantage in business. To the contrary, young people are more naive and emotional, they think that they know everything and they have nothing to lose -- also traits that can benefit entrepreneurs.

For example, some level of naiveté helps in business -- it makes people more optimistic and willing to ask for help. However being somewhat paranoid is also good for business, because it makes people cautious and methodical.

Depending on how you look at things, age and youth can both be good for business. Click play on the video above to find out more.

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Watch more YouTube videos from Bet-David on his channel.

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