How Older Entrepreneurs Can Turn Age to Their Advantage

How Older Entrepreneurs Can Turn Age to Their Advantage

Entrepreneur reports “The youthful, vibrant faces of Mark Zuckerberg and Elon Musk are representative of widely known entrepreneurial icons. But few people would conjure the more etched faces of Sam Walton (who founded Walmart at age 44) or Charles Flint (who founded IBM at 61) when asked to name a successful entrepreneur. Why entrepreneurship is so often correlated with youth rather than corporate experience isn’t clear, particularly considering that age is becoming a huge contributing factor to entrepreneurial success.

In 1997, those between ages 55 and 64 constituted only 15 percent of burgeoning entrepreneurs. By 2016, that number reached 24 percent, according to the Kauffman Index of Entrepreneurship. Moreover, the U.S. Bureau of Labor Statistics reports that those 65 and over are the most likely in America to be self-employed, with nearly 16 percent fitting that description.”  Read more 


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