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Its Just A State Of Mind

Your source for small-business news, reviews, trends and troubleshooting

Think you're past your entrepreneurial prime? Or do you feel that you're too young to start your own business?

The truth is, businesses of all kinds are started every day by people of all ages. So don't let the number of candles on your last birthday cake slow down your plans for business ownership.

Consider the following figures, gathered in a recent survey by the National Federation of Independent Business and Wells Fargo Bank, which indicate the average age of start-up owners in 1995.

While more and more teenagers and middle-agers are being bitten by the start-up bug lately, entrepreneurs in the 25-34 age group still start the lion's share of new businesses (33 percent)-but only slightly more than their immediate elders in the 35-44 age group (32 percent).

Other noteworthy findings:

Entrepreneurship is hottest in the South, where 35 percent of the businesses surveyed were started. In second place were the Western states (27 percent), in third place were the Northern states (20 percent), and at the bottom of the chart were the Eastern states (18 percent).

The first quarter of the calendar year is the most popular time to start a new business, as 35 percent of new business owners surveyed did. Who says nobody follows through with their New Year's resolutions anymore? -Karin Moeller

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This article was originally published in the July 1997 print edition of Entrepreneur with the headline: Its Just A State Of Mind.

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