The Research Findings - Deepstash
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How to Become a Quick Learner

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The Research Findings

Older entrepreneurs have accumulated business and life experience, knowledge and skills, social networks, and resources that better equip them for success. They tend to have better social skills and are better able to regulate their emotions, than those younger.

They do have a lower risk tolerance than younger entrepreneurs, but that is offset by other factors, such as confidence in their abilities and experience. Their fear of failure is thus less than their younger counterparts.

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The Middle-Aged Entrepreneur

That’s an important policy point for governments that want people to keep working (and paying taxes) longer even though employment prospects for job seekers decline significantly from about the age of 45.

Rather than just putting money into “job-ready” programs or subsidies to employers to ...

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Older Is Better

New research suggests mature-aged entrepreneurship – after the age of 50 – is growing faster than among any other age group in Australia.

Mature-aged entrepreneurs run about a third of all businesses that are less than three years old. (All up, mature-aged entrepreneurs have started about 3...

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The Youth Advantage Vs Mature-Aged Advantage.

Younger entrepreneurs do have some advantages. As a group, they are healthier and tend to have fewer family obligations. They may be less risk-averse, often because they have less to lose. They may also benefit from others’ positive perceptions of them as “youthful”.

But mature-aged...

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The Young And The Not So Young

The biographies of these tech billionaires who achieved great success in their twenties have helped cement the perception that entrepreneurship is a young person’s game.

Such stories are the exception rather than the norm. Starting young can have some clear advantages. For one thing, it gi...

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Experience Counts

All evidence points to founders being especially successful when starting businesses in middle age or beyond, while young founders appear disadvantaged”.

The “batting average” for creating successful firms rose dramatically with age. A 50-year-old founder was 1.8 times more likely to achiev...

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Don't Look For A Job, Become An Entrepreneur

Entrepreneurship may therefore be a viable alternative to mature-aged unemployment.

There is, however, compelling evidence that aspiring mature-aged entrepreneurs require specialized government support and incentives, both to start their businesses and grow their businesses.

Gover...

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What can you do to build a growth mindset?

  • Believe that your efforts matter. Rather than thinking their abilities are fixed or stuck, people who have a growth mindset believe that effort and hard work can lead to meaningful growth.
  • Learn new skills. When faced with a challenge, they look for ...

4 basic negotiation styles

...depending on different social motives:

  • Individualists seek to maximize their own outcomes with little regard for their counterparts’ outcomes. .
  • Cooperators strive to maximize both their own and other parties’ outcomes and to see that resources are divided fair...

Optimism

Optimism

Studies also connect optimism with greater outcomes in life. Optimists tend to focus on possibilities and have a combination of gratitude and pride. 

They're grateful for all of the possibilities life presents, proud of their abilities to harness these resources, and have a strong b...

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