Tuesday, November 13, 2012

Age and its relationship with Venture creations




Most people would like to start their entrepreneurial venture after retiring.However the research findings shows that the businesses  that are likely to succeed are those that have been started by the young people.

For example Reynolds etal (2000) found that individuals aged 25-44 years are most active in entrepreneurial endeavour in western countries. This seems similar to what was found in developing world as well;For instance study from Tanzania by Kambi shows that the people who wanted to participate in entrepreneurship endeavours such as starting their own ventures are those from the age 21-30 ( 67%).

Reference

Kambi B (2012) The entrepreneurial intentions of University students in Tanzania,Lambert Publishing Company.German

Reynolds,P.D,Hay,M,Bygrave,W.D,Camp,S,M and Aution E.(2000),Global entrepreneurship Monitor 2000,Executive Report; A Report from Babson College, Kauffman Center for Entrepreneurship Leadership and London Business School.


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