entrepreneurshipTop of Mind

Commentary & Insights on Entrepreneurship The Top of Mind blog brings an array of editorial views to current events shaping the world of entrepreneurship. Engage, exchange, and expand your own view of the world!

RSS Feed Link

Entrepreneurship Is “Boom-ing”

Thom Ruhe on June 24, 2009 Source: e360 Blog

“Economists know that entrepreneurship will drive the economy back to health, but many people may be surprised to learn that the baby boom generation is behind the wheel, according to a new study by the Ewing Marion Kauffman Foundation.”

As detailed in this recent Kauffman Foundation press release, the findings of our latest study, "The Coming Entrepreneurship Boom," show that the most active segment of our population – entrepreneurially speaking – is the Baby Boomer segment.  While the common perception of today’s “new entrepreneur” is typically a 20-something wünderkind, dropping out of college, and dropping in on the business world – think of headline-makers like Facebook’s Mark Zuckerberg – the reality is actually probably best described as “that kid’s dad.”

With many (and I use this term reluctantly, painfully) “older” adults finding themselves directionless, at the crossroads of their career and our uncertain economy, they’re turning to entrepreneurship – and leveraging their lifetime of business experience to achieve success.  As one expert put it, entrepreneurship is booming, “not in spite of an aging population, but because of it.”

And that’s potentially good news for the nation, the economy and the “E=R: Entrepreneurs = Recovery” Campaign.  According to Kauffman’s Vice President of Research and Policy, Robert E. Litan, "the fact that the largest age group of our population is also the most entrepreneurial bodes well for the United States' economic future."  So while the bright young minds behind iTunes and Napster may be getting all the front page ink (or “home page pixels,” if that metaphor is too outdated for you), it appears that when it comes to entrepreneurship, there’s still a thing or two they can learn from the Woodstock generation.

Sign up for the Entrepreneurship.org eNewsletter or RSS feed for regular ideas on entrepreneurship.

  • 1
comments powered by Disqus

Twitter Updates

  • RT @nyikaaa WOW what a turnout!! ABQid Demo Day about to begin!! @unleashingideas @GEWabq @KauffmanFDN @webbjo
  • "The New Standards of a Board" and 4 other Must-Read articles in #Entrepreneurship http://t.co/A20Sg7eT5D #TopOfMind
  • EXCITING NEWS! @GISTNetwork@unleashingideas expand @1millioncups internationally! Welcome @1MCMorocco! #GEW2014 #1MC http://t.co/eSEp0nj5Iu
  • What can your income statement tell you about your biz? How to squeeze more profit out of your company. http://t.co/sgz0NLybC9 @KauffmanFS
  • "Smaller, harder working and more expert." | The New Standards of a Board http://t.co/A20Sg7eT5D

Kauffman Founders School
A robust online curriculum for entrepreneurs.
Explore Founders School >


1 Million Cups
A network of U.S. cities facilitating a weekly entrepreneur education program.  Go to 1 Million Cups >


FastTrac
Whether you are starting or growing a company, FastTrac will help you live your dream at each stage.
Go to FastTrac >

Email Newsletters

Want to be up-to-date with the latest news and updates from Entrepreneurship.org? To subscribe, just give us your email address below; you'll choose which e-newsletters you'd like to receive on the next screen.