The Wall Street Journal recently listed some interesting statistics regarding entrepreneurs. Ewing Marion Kauffman’s data was used to create an infographic. According to the article By the Numbers: Taking the Measure of Entrepreneurs, the following gives more insight as to who becomes an entrepreneur:
- Age – The average age for an entrepreneur is 40 years old.
- Education – Over 95% of entrepreneurs hold a bachelor’s degree or higher and over 47% have advanced degrees.
- Background – Over 71% came from the middle-class and 1% came from extremely rich or extremely poor backgrounds.
- Funding – For 70% of entrepreneurs, the main source of funding came from savings.
- Family – First borns accounted for over 42% of entrepreneurs. They had an average of 3 siblings. Just over half of them were the first in their family to start a business. Nearly 70% were married and nearly 60% had at least one child.
- Success – When asked what entrepreneurs felt was important for success, 73% listed luck as an important factor.
- Location – The highest numbers of entrepreneurs are in Arizona, Texas and California. The lowest numbers are in West Virginia, Pennsylvania, and Hawaii.
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