Thought for the month

“The dogmas of the quiet past are inadequate to the stormy present. The occasion is piled high with difficulty, and we must rise with the occasion. As our case is new, so we must think anew and act anew.”

Abraham Lincoln, US President (1809-65).

Wednesday, 9 May 2018

Age matters

A recent study shows that the highest success rates in entrepreneurship come from people aged in their forties. The theory being that key entrepreneurial resources, such as human capital, financial capital, and social capital, accumulate with age. Mechanisms by which young people are proposed to have advantages, such as energy or originality, may still be operating, but if so they seem to be overwhelmed by other forces.

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