Anatomy of an Entrepreneur

I love how many entrepreneurs are popping up these days.   I believe the down economy is spurring  some great businesses.

A recent report from Kaufman Foundation for Entrepreneurship provides an insight into what makes entrepreneurs tick in their recent “Anatomy of an Entrepreneur“.

Some interesting facts:

1.  Only 4.5% state inability to find traditional employment as motivator.  80.3% state inability to find employment is not a factor at all.

2.  Average age when starting biz = 40.

3.  Likely to come from middle to upper-lower class background.  Few come from extreme wealth.

4.  Well educated.  Less than 5% have less than a bachelor's degree.

5.  Better educated than parents.

6.  50%+ are 1st in family to launch biz.

7.  Significantly more likely to be married with children when launching 1st biz.

8.  Worked for an employer more than 6 years.

9.  Primary motivations for launching biz are wealth, be own boss, and capitalize on biz idea they have.

10. Only 27.9% felt encouragement by a co-founder, entrepreneur  friends or family members played an important part.

Wow… every one of these describes my co-founder and I.  At minimum we seem to be in the “norm” for Entrepenreurs.  What I am interested to know is has this data differed thru the years.  Is it different in a down economy?

Coming from college straight to the “glory dot com” era I remember thinking…”wow this is great” and thought it would last forever.

I was quite fortunate as even though I landed at a couple dot BOMBS I managed to survive in both large and small organizations.  At one company alone I survived 13+ layoffs! I acquired great skills and experience but still never felt 100% satisfied.  I have always been a visionary person who knew where I wanted to go.  I love to see my ideas come to fruition and drive great results.  I guess my only regret is I didn't do it sooner.

What about you?? Are you an entrepreneur who fits the above profile?  Or are you a corporate junkie who has considered leaving the secure corporate walls but hasn't yet had the guts?


About the Author:

CEO / Founder Marketing Nutz, full service social media, digital marketing, experiential brand, conversion optimization agency. Ranked by Forbes as Top 10 Social Media Women and 10 Social Media Power Influencer. Keynote speaker, author, strategist, consultant, coach, & trainer. Helps businesses of all sizes integrate social media into the DNA of their business, connect with target audiences to nurture authentic customer relationships. 15+ years experience working with Fortune 500, Franchised corporations with 4000+ local franchises to entrepreneurs and startups.

One Comment

  1. […] This post was mentioned on Twitter by Market Fruition, Inc. Market Fruition, Inc said: Anatomy of an Entrepreneur – Avg Age=40, inability to find work not a driving motivation – implementing idea is! […]

Leave A Comment