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Did you know that 52% of the businesses in America were started by a person 45 or older?
And that companies started by older entrepreneurs have a greater probabilty of making it to their 8th year? So your odds are good!
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in 2016, the Kauffman Foundation (a Kansas City based nonprofit that studies entrepreneurship in America) reported that the age group of people between 55-64 starting new ventures was higher than any other group that they have monitored in the last 20 years, including people aged 20-34.
The share of new entrepreneurs among this 55-64 age group increased to 25% of the total in 2016 compared to less than 15% in 1996.
- in 2014, the Kauffman Foundation reported that only 36.8% of companies were owned by women. According to the UN, 6 out of 10 women born during 2000-2005 are expected to live to 80. MIT Agelab Founder Joseph Coughlin predicts more women will create startups to support the needs of the aging population.
- Americans over 45 are more likely to become entrepreneurs than Americans under 45.
And yet, the media focuses primarily on startups by millennials and there are no programs specifically targeted towards helping people with experience become entrepreneurs, till now...