Friday, August 1, 2014

Not entrepreneurial

There's usually somebody on the internet who can dispute anything said with authority by someone else.  For instance, "millennials are entrepreneurial."  That's widely thought to be true - except by this author at Entrepreneur magazine:

"Millennials . . are less interested in becoming successful entrepreneurs than baby boomers were when they were the same age.  The share of college freshmen that said “becoming successful in a business of my own” was “essential” or “very important” to them dropped from 47.9 percent in 1977 to 41.2 percent in 2012."

So . . yesterday's point is refuted today?  

Another interesting stat given in the article:  "The average profits of a sole proprietorship – which account for three-quarter of all small businesses – dropped 28 percent in inflation-adjusted terms between 1980 and 2011 . . "  

I should look into the "why" for that.

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