There is a powerful new study about entrepreneurship with great implications for the economy and those of us in the second half of life.
"A new study found the
average founder of the fastest growing tech startups was about 45-years-old —
and 50-year-old entrepreneurs were about twice as likely to have a runaway
business success as their 30-year-old counterparts."
"The new study by Jones, Javier Miranda of the U.S. Census Bureau
and MIT's Pierre Azoulay and J. Daniel Kim, looked at an expansive dataset and
found the most successful entrepreneurs are middle-aged.
"Take David Duffield, who founded Workday in 2005 at the ripe age of 65. Workday went public in 2012 and today has a $26.47 billion market cap. Whereas younger founders may benefit from their creative thinking and lesser degree of entrenchment in an industry, the exact opposite qualities work to the benefit of their older counterparts."
"Older entrepreneurs have had years to build
their business, leadership, and problem-solving skills, as well as to
accumulate the social and financial capital needed to get a startup off the
ground. Jones also points out that even companies like Apple and Microsoft that were founded by exceptional young
entrepreneurs didn't achieve their most rapid market capitalization growth
until later, when their founders were older. The iPhone entered the market when
Steve Jobs was in his 50s"
There are almost endless opportunities for older entrepreneurs to meet business and community challenges with innovative entrepreneurial solutions. Take hold of this option. Give yourself permission to explore, then plan, then take action. The world needs you, and the challenge will make you stronger.
Link the CNBC article quoted above
This site is about creating sustainable startups and growing emerging enterprises. It's about developing successful new products and innovating existing ones. Sustainable work means creating valuable solutions that fix real problems. Sustainable work means creating business processes that make you, your enterprise, and the world a better place. You can do it. Welcome.
Wednesday, June 27, 2018
Silicon Valley's ideal entrepreneur is about 20 years too young, research shows
Posted by Rick Terrien at 11:54 AM 0 comments
Sunday, June 24, 2018
Endeavor. To exert oneself. To strive.
Endeavor is an old word with great possibilities.
Its current meaning as a verb means 'to exert oneself to do or effect something; make an effort; strive'. As a noun in means 'a strenuous effort; attempt.'
When you are starting a new enterprise, you are launching an endeavor. You are making an effort. You are striving.
If you are looking for permission to consider entrepreneurship, if you are looking to plan or to expand your own business, don't look for external rewards.
Look to yourself. Strive to do change the world in small and large ways. Increase your focus. Do the little things with meaning and effort. There is no better path to making progress.
Endeavor. Strive. You'll build the strengths you need as you go forward.
Posted by Rick Terrien at 3:55 PM 0 comments
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