If you're considering going into business for yourself and you happen to be over 55, you might be surprised to find that you are part of a groundswell! A recent study by Vivek Wadhwa of Duke University, and published by The Kauffman Foundation, found that, contrary to popularly held assumptions:
These results are being attributed to several factors, including:
- With longer life expectancies and greater health in later life, older generations may continue to start new firms—or mentor young entrepreneurs.
- Since the first Internet-era recession, transaction costs and barriers to entry have fallen for entrepreneurs of every age.
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