Martin Zwilling has just written a piece for Forbes about the current resurgence of the entrepreneurial spirit in which people are eschewing the “job” mentality for more meaningful work in which they look forward to contributing to society.
I have a few friends who were in the Peace Corps but that was not the main thrust of the 70’s, 80’s and 90’s. Citing the Kaufman Index of Entrepreneurial Activity, Zwilling notes that although we are slightly below the 2011 high of 320 new entrepreneurs per 100,000 adults, we are at about 20 million non-employer businesses today.
If you are thinking of starting a business, Zwilling mentions a list of positive points for prospective business owners, such as an increase in funding for early-stage startups, increased valuations of successful startups and social media as a huge advantage today. According to a recent poll in The Telegraph, currently almost 20% of young women seek to start their own businesses, noting that “women already control over 70% of household income and over $20 trillion of consumer spending.”
And, as of last year, 23.4 percent of entrepreneurs were Baby Boomers. “In fact, in every one of the last 15 years, Boomers between the ages of 55 and 64 have had a higher rate of entrepreneurial activity than Gen-Y.” This is good news for those of us in that age group whose dreams include starting a small business of our own.