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Baby Boomers May Be Your Biggest Startup Competitors

Startup Professionals Musings

In fact, according to the latest Index of Startup Activity by the Kauffman Foundation and recent press reports , these Baby Boomers are actually driving a new entrepreneurship boom. With longer life expectancies and greater health in later life, older generations are moving to start new firms -- and mentor young entrepreneurs.

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The Demographics Of New Venture Founders Are Changing

Startup Professionals Musings

These could convince you that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The percent of entrepreneurs who are Baby Boomer starting a business in the last few years has grown by 18 percent year-over-year, with more than half (51 percent) now making up the aspiring small business owner pool.

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Encore Entrepreneur Is The New Baby Boomer Lifestyle

Startup Professionals Musings

In fact, according to the most recent Index of Startup Activity by the Kauffman Foundation and recent SBA reports , these Baby Boomers are actually driving a new entrepreneurship boom. With longer life expectancies and greater health in later life, older generations are moving to start new firms -- and mentor young entrepreneurs.

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Your Next Startup Will Likely Be Run By a Boomer

Startup Professionals Musings

These indicate that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The number of Baby Boomers starting a business from 1996 to 2011 rose nearly 7 percent, while the start-up rate by those aged 20 to 44 fell about 5 percent.

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Baby Boomers Are Surpassing Gen-Y As Entrepreneurs

Startup Professionals Musings

These indicate that the correct icon for an entrepreneur may now have gray hair, rather than the warm glow of youth: The percent of entrepreneurs who are Baby Boomer starting a business since 1996 has grown from 14.3 Social networking penetration by Boomers has now caught up with the other age groups, reaching about 80% across the board.

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Boomers are Driving a New Entrepreneurship Boom

Startup Professionals Musings

Additionally, Kauffman research has revealed that the average age of the founders of technology companies in the United States is a surprisingly high 39 - with twice as many over age 50 as under age 25. Business-startup rates in America increased the most in the Midwest and South.