Entrepreneur stats

  • 1. The average and median age of company founders when they started their current companies was 40.
  • 2. 95.1 percent of respondents themselves had earned bachelor’s degrees, and 47 percent had more advanced degrees.
  • 3. Less than 1 percent came from extremely rich or extremely poor backgrounds
  • 4. 15.2% of founders had a sibling that previously started a business.
  • 5. 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.
  • 6. 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.
  • 7. The majority of the entrepreneurs in the sample were serial entrepreneurs. The average number of businesses launched by respondents was approximately 2.3.
  • 8. 74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur.
  • 9. Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.
  • 10. Entrepreneurs are usually better educated than their parents.
  • 11. 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.
  • 12. The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.

Source

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