Interesting Facts About Entrepreneurs


Most of us have wrong ideas about entrepreneurs. While starting our own business we all come across many self limiting ideas. We all think that its the job of pretty young people having lot of money for investment. Few of us also have an excuse of being married or having kids. We all think that entrepreneurs are the people who should work 80+ hours a week and sleep under their desk.

Source- Google

Source- Google

So for such people here are few interesting facts about Entrepreneur:

  • If you are an Employee of a company from many years and you think that quitting is not your cup of tea then you should take a note that,
    “The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.”
  • Think you are too old to start a company? Remember,
    “The average and median age of company founders when they started their current companies was 40.”
  • If you are thinking that you are not rich to start a company then you should know,
    “Less than 1 percent came from extremely rich  backgrounds.”
  • Marriage being an hurdle for starting a business? Take a note of this :
    “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.”

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  • Mostly women having kids complain about managing the work and house. So ladies do remember,
    “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.”
  • “The majority of the entrepreneurs in the sample were serial entrepreneurs. The average number of businesses launched by respondents was approximately 2.3.”
  • “74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur.”
  • “Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.”
  • “Entrepreneurs are usually better educated than their parents.”
  • Doesn’t have a family business? So why not being the first one to start?
    “Entrepreneurship doesn’t always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business.”
  • “95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees.”
  • “15.2% of founders had a sibling that previously started a business.”

    wpss