Jul 09
The Kauffman Foundation has a new study.
“Key findings: In every single year from 1996 to 2007, Americans between the ages of 55 and 64 had a higher rate of entrepreneurial activity than those aged 20-34, averaging a rate of entrepreneurial activity roughly one-third larger than their youngest counterparts.
- The 20-34 age bracket has the lowest rate of entrepreneurial activity.
- Long-term employment has fallen dramatically for people ages 35-64 over the past fifty years.
- With longer life expectancies and greater health in later life, older generations may continue to start new firms—or mentor young entrepreneurs.
- Since the first Internet-era recession, transaction costs and barriers to entry have fallen for entrepreneurs of every age.”
Where are you on the entrepreneurial train?