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                Roche develops new serology test to detect COVID-19 antibodies

                Roche develops new serology test to detect COVID-19 antibodies

                Novartis announces data in Neurology reinforcing the real-world and long-term effectiveness and safety of Aimovig® as a preventive treatment across the full spectrum of migraine

                Novartis announces data in Neurology reinforcing the real-world and long-term effectiveness and safety of Aimovig® as a preventive treatment across the full spectrum of migraine

                EMA review of Picato concludes medicine’s risks outweigh its benefits

                EMA review of Picato concludes medicine’s risks outweigh its benefits

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                Dance With Your Grandma (after COVID-19 of course)

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                Covid-19 mortality highly influenced by age demographics

                Alarming Abusive Head Trauma Revealed in Computational Simulation Impact Study

                Increased Rate of Infections May Indicate a Future Cancer Diagnosis

                Remdesivir improved majority of patients hospitalized with severe COVID-19

                Remdesivir improved majority of patients hospitalized with severe COVID-19

                Blood Test May Help Doctors Catch Pancreatic Cancer Early

                Blood Test May Help Doctors Catch Pancreatic Cancer Early

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                Mental health and brain research must be a higher priority in global response to tackle COVID-19 pandemic

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                  Volcanic CO2 emissions helped trigger Triassic climate change

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                  Climate change could cause sudden biodiversity losses worldwide

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                    Clemson researchers capture first-ever photographic proof of power-packed jet emerging from colliding galaxies

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                    The Milky Way’s satellites help reveal link between dark matter halos and galaxy formation

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                          Older Entrepreneurs as Successful as Their Younger Counterparts, Study Reveals

                          by Insciences
                          April 14, 2020
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                          Older Entrepreneurs as Successful as Their Younger Counterparts, Study Reveals
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                          New study makes the case that entrepreneurship isn’t just for the young

                          From Steve Jobs to Mark Zuckerberg, the stories of prosperous, young innovators drive the American economic narrative. However, the truth is that older business entrepreneurs may be just as well suited to success. And older women are far more successful at launching a business than their younger counterparts.

                          Those are among the findings reached by Hao Zhao, an associate professor of management at the Lally School of Management at Rensselaer Polytechnic Institute, in research recently published online in the Journal of Business Venturing.

                          “Correcting people’s negative stereotypes about older entrepreneurs, and encouraging people at later life stages to engage in entrepreneurship, is important,” Zhao said. “The United States has an increasing population of older adults that have skills and knowledge valuable to society. This study helps to illustrate their strengths.”

                          Zhao and his co-authors conducted a meta-analysis based on 102 independent samples and determined that the rate of success for people who launch a business in their 20s is the same as for those who become entrepreneurs in their 50s. According to Zhao, this suggests that, while younger entrepreneurs are generally more adapt at inventing new technology and making bold moves, their older counterparts have more wisdom, financial capital, and business connections.

                          Zhao found that older entrepreneurs have slightly higher satisfaction levels and greater financial success than younger entrepreneurs. Their only disadvantage is slightly lower growth rates, an artifact of their companies tending to be larger in size.

                          Additionally, the study showed that age has a positive and significant effect on the success of female entrepreneurs.

                          “Our findings suggest women should not give up too readily, because their chance of success increases as they move to later life stages, and their perseverance ultimately tends to pay off,” Zhao said.

                          For those in their 30s and 40s, the prospects aren’t quite as good. Zhao concluded that midlife is a challenging time to start a business. Child care and elder care obligations also require valuable time and financial resources, and entrepreneurs do not have parental leave or day care benefits.

                          “Although it is generally commendable to pursue one’s entrepreneurial aspiration,” Zhao said, “we suggest that early mid-life individuals carefully evaluate all of the resources at hand and take a realistic view of this career path before taking the leap.”

                          With many resources available to young entrepreneurs, Zhao suggests his research supports the idea that government agencies and business incubators should identify channels to foster entrepreneurship for older adults as well.

                          The paper was co-authored with Gina O’Connor of Babson College, Jihong Wu of the University of Electronic Science and Technology of China, and G.T. Lumpkin of the University of Oklahoma.

                          About Rensselaer Polytechnic Institute (RPI)
                          Founded in 1824, Rensselaer Polytechnic Institute is America’s first technological research university. Rensselaer encompasses five schools, 32 research centers, more than 145 academic programs, and a dynamic community made up of more than 7,900 students and more than 100,000 living alumni. Rensselaer faculty and alumni include more than 145 National Academy members, six members of the National Inventors Hall of Fame, six National Medal of Technology winners, five National Medal of Science winners, and a Nobel Prize winner in Physics. With nearly 200 years of experience advancing scientific and technological knowledge, Rensselaer remains focused on addressing global challenges with a spirit of ingenuity and collaboration.

                          Source: Rensselaer Polytechnic Institute (RPI)

                          Tags: AgeBusinessEntrepreneursentrepreneurshipLife stagesManagementSuccess
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