Question

The highest rate of entrepreneurship activity is in the 55-64 age group! Since 1966. older Americans have opened businesses at a higher rate that 20-34 year olds. 1. Can you think of reasons (other than experience and funding) that older entrepreneurs are successful

Answer 1

In simple words, Older businessmen have previously experienced a variety of professional and personal conditions. They have more faith in their own abilities and capabilities than a new entrepreneur. Excellent leadership and delegating abilities arise from such conviction, and that is something that youthful entrepreneurs likely to develop only via trial & error.