by Mitch Kokai
Senior Political Analyst, John Locke Foundation
It’s nice to read within the latest issue of Money magazine that the percentage of jobless managers and executives launching new businesses jumped 31 percent last year. And the trend involves more than just techie kids.
Age has its advantages. People 45 and older started 48% of firms in one Kauffman Foundation study, but ran 64% of firms surviving four years. That’s likely because older entrepreneurs often have more experience, contacts, and financial resources, says Kauffman researcher Dane Stangler.
One suspects that historian John Steele Gordon would be happy to read this news.