What is your idea of an Entrepreneur?

In a review of the recent Kauffman Foundation report, “The Anatomy of an Entrepreneur,” Darmesh Shah of On Startups posts 12 interesting findings.

Although most (self included) would have assumed the average entrepreneur is: 1) in computer software, 2) “twenty something”, 3) unable to find traditional employment, the Kauffman report findings were quite to the contrary.

Here are four I found most interesting:

  1. The average and median age of company founders when they started their current companies was 40.
  2. 95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees.
  3. 69.9 percent of respondents indicated they were married when they launched their first business. An additional 5.2 percent were divorced, separated, or widowed.
  4. 59.7 percent of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children.
  5. The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.

Read the full post here.

What value do you think entrepreneurs present to the future economy?

Amos White is an Social Media Marketing Evangelist and public speaker.
Follow me on Twitter @Mos42
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