American Express ran a survey to find out if young entrepreneurs were really all that different from older entrepreneurs and it turns out that we are! The main findings were:
Similarities
- Optimistic about the U.S. economy (64% young, 62% old)
- Both agree that passion, rather than money, drives them towards success
Differences
- Having fun is a priority in business (75% young, 66% old)
- It is “very difficult” to leave work and go on vacation (39% young, 26% old)
- Put in over 10 hours a day (66% young, 58% old)
- Like to take risks (72% young, 53% old)
- Started business right out of school (27% young, 9% old)
- Immigration is beneficial to the economy (52% young, 44% old)
- Are technology savvy (66% young, 47% old)
- Belief that older entrepreneurs have an edge (59% young, 88% old)
In total 602 small business owners were surveyed – you can read the full results here.
Evan Carmichael
Matthew Toren is an Award Winning Author, Serial Entrepreneur, and Investor. He Co-Founded YoungEntrepreneur.com along with his brother Adam. Matthew is co-author of the newly released book:Small Business, Big Vision: “Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right” and also co-author of Kidpreneurs.
