Small Business is our Business

Twenty-six percent of new business startups are older Americans aged 55-64.  The Kaufman Index of Entrepreneurial Activity has seen this percentage continually rise . In fact, these older Americans start new businesses  at a higher rate than those in their 20’s and 30’s.  This has been the case every year since 1996.  Possible explanations for this include—-

*Senior entrepreneurs are less likely to worry about experience, risks or     family life

*Despite the economic downturn of late, seniors are more financially secure with a variety of income sources—-retirement savings, pensions, social security.

*With greater work experience, senior entrepreneurs are more confident about their abilities.

Source:  Ewing Marion Kaufman Foundation.

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