ENTREPRENEURIAL OPPORTUNITIES
IDENTIFYING AND EVALUATING BUSINESS OPPORTUNITIES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -We found that the average age of entrepreneurs at the time they founded their companies is 42.
Detailed explanation-2: -The average age of a founder is now 27, but it’s years of experience that’s key, says Bentinck: “There’s a sweet spot-it’s between graduating to having about six or seven years’ experience-so people have sufficient experience in a market, but haven’t yet got so much that they’ve lost that naive optimism.”
Detailed explanation-3: -According to an article in the Harvard Business Review, there are nearly twice as many successful entrepreneurs over age 50 than under age 25. And a report issued by the Kauffman Foundation indicates 40+ entrepreneurs are embracing the advantages of starting a business later.
Detailed explanation-4: -No one ever said that you can’t be a successful entrepreneur at age 22 or 62. There are many. But research definitely points to the fact that education, experience, opportunity, network, and funding all come together in the mid-30s and position a founder to have the best chance of success.