INTRODUCTION TO ENTREPRENEURSHIP
CHARACTERISTICS OF AN ENTREPRENEUR
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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At middle age
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At an older age
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At an early age
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At a senior age
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Detailed explanation-1: -The average age a person starts a business is around 45 years old, according to research from Harvard Business Review and the U.S. Census Bureau. Additionally, successful founders typically have more than ten years of work experience before starting their own business.
Detailed explanation-2: -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.
Detailed explanation-3: -magazine as founders suggested average age of 29. HBR’s research leveraged the confidential administrative data sets from the U.S. Census and concluded that the average age of an entrepreneur at the time of starting their business is 42.