Image via Wikipedia
The Kauffman Foundation is the preeminent source for information on entrepreneurship in the US and across the world. A recent study published titled The Coming Entrepreneurship Boom provides some wonderfully surprising facts. Let’s start with this one:
The highest rate of entrepreneurial activity belongs to the 55-64 age group.
There are many that assume that start-ups are the domain of the twenty-somethings. It turns out that 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 20-34. In fact the rate of entrepreneurial activity for this group is roughly one-third larger than the 20-34 year olds.
- For those of you thinking of starting a business and worrying you are too old, here is the proof you are wrong.
- For the service providers out there targeting entrepreneurs, perhaps you should re-think who you are targeting.
- How about those of you running businesses already. Are you guilty of looking to the younger for entrepreneurial ideas?
The Kauffman report is six pages of very interesting reading. I highly recommend it for anyone in the entrepreneurial space.