Are Most Entrepreneurs Young People?
August 27th, 2009
Are most entrepreneurs young people? While I couldn’t find any exact demographic statistics to answer this question, I did find an interesting one:
“70.9% of teens say they are interested in becoming entrepreneurs; up from 64% in 2004.”
- Junior Achievement Worldwide, August 2006
Wow! Almost 3/4 of all teenagers say they want to become entrepreneurs. Now, certainly this statistic covers a wide range of entrepreneurship – from restaurants and bed and breakfasts to hair salons and online advertising. These teens may want to open up their own dance or recording studio, television station or car company. And of course we can’t forget that of this 70.9% we are unaware of exactly how many go on to actually achieve or attempt business for themselves.
Here’s an even more interesting and revealing statistic:
“When asked, “What age do you think it would be too late to start your own business?” 60% responded “never too old.”
- Yahoo! Small Business/Harris Interactive, April 2006
And I agree. No matter how old you are it is never too late to begin doing something you love and making a financial investment towards your future. I always tell people, “being an entrepreneur is not right for everyone”, but it’s never too late.
Some may worry that they won’t have the skills or presence to succeed amidst a market of “young guns” but the truth is, going into business for yourself actually levels the playing field. See, in a traditional business setting you have to worry about being replaced by the “new guy”, the “young gun” or the “up and comer”. But when you own your own business, you’re the CEO, you’re the “head dog”, you’re the “big guy”, you’re the “boss” and you aren’t going to fire you, are you?
Entrepreneurship levels the playing field between genders, races and age. It’s the beauty of Capitalism! It’s the freedom of America and it may be right for you.
If you’d like more information on becoming an entrepreneur please call Cody at: 214-682-5331 or email me directly at: cody@retirebefore25.com
Cheers,
Cody Miller
P.S. It’s never too late to get started. Follow your heart.
Tags: Entrepreneurship, Tips, Training
Categories: Cody Miller , Young Entrepreneurs
I hope Entrepreneurship is about doing something you like to do that fills a need or satisfies a want that other people have and makes money.