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Baby Boomers May Be Your Biggest Startup Competitors

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. One new incentive is the falling transaction costs and barriers to entry for entrepreneurs of every age. These trends seem likely to persist.

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Baby Boomers Are Surpassing Gen-Y As Entrepreneurs

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. One new incentive is the falling transaction costs and barriers to entry for entrepreneurs of every age. These trends seem likely to persist.

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Your Next Startup Will Likely Be Run By a Boomer

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. One new incentive is the falling transaction costs and barriers to entry for entrepreneurs of every age. These trends seem likely to persist.

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Boomers are Driving a New Entrepreneurship Boom

Startup Professionals Musings

In the Kauffman Foundation Survey of nearly 5,000 companies that began in 2004, nearly two-thirds of the founders are now between the ages of 35 and 54. One new incentive is the falling transaction costs and barriers to entry for entrepreneurs of every age. These trends seem likely to persist.

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Be Careful not to be Penny Wise, Pound Foolish

Both Sides of the Table

.&# I took it to mean, “making decisions with small amounts of money (pennies) that end up making bad sense for affecting larger amounts of money (pounds, as in Great British Pounds).&# I thought of it as people who cut corners on small costs but paid dearly in terms of lost productivity on expensive staff.

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The Long-Term Value of Loyalty

Both Sides of the Table

I was paid less in salary in 2004 than I was paid at the job I quit in 1999 (a job I had held 8+ years). I learned how to get press coverage when we were no longer “hot.&# I learned how to manage costs effectively. There is a high probability that the person you’re hiring will leave you within 18 months.

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How to Use Frugal Innovation to Grow Your Startup

ReadWriteStart

As the global economic situation deteriorates amid the Russian invasion of Ukraine and soaring energy costs, many aspiring entrepreneurs might be tempted to give up and wait for better days. This is partly due to the global financial crisis of 2008, which led many companies to reassess their spending to cut costs.

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