Problems with Entrepreneurship Culture
- 🚨 Most people are not good at business, with the largest demographic increase in new business owners being young people between 18 and 35, who have a significantly higher rate of failure.
- 📊 The average age of a successful startup founder is 42 years old, and founders below 30 have a higher rate of failure, yet many are encouraged to start businesses without industry experience.
- 🚫 Businesses in trendy fields like tech, e-commerce, hospitality, and fashion have a higher failure rate than those in finance, construction, and healthcare, where industry experience and creditations are required.