startups

Do you know what is the Family Background or Motivation of Typical Entrepreneur?

Here is your Typical Entrepreneur

• He is from a middle-class or upper lower-class background, and very few come from backgrounds of extreme wealth or extreme poverty.
• He is usually well educated, with only 5 percent or less having a bachelor’s degree.
• He likely to be better educated than their parents were, with half his fathers and a third of their mothers having at least bachelors’ degrees.
• He performed well in high school and in college, with the vast majority ranking average or above in their respective institutions.
• He necessarily does not come from families of entrepreneurs; slightly more than half are the first in their families to launch businesses.
• On average, he tends to be the middle child in a three-child household.
• He is significantly more likely to be married and have children when they launch their first businesses.
• He is far more likely to have worked for an employer for more than six years than to have quickly launched their own businesses.
• His primary motivation for launching a business are to build wealth, to own his own company, and to capitalize on a business idea that he has.