Infectious Greed: "A new study by Kevin Moore for the Federal Reserve shows that with better measures of wealth the link to entrepreneurship only exists for people in the top-quartile of home equity value. In other words, for the majority of people wealth is not the primary constraint in becoming an entrepreneur. Matter of fact, as the paper points out, most entrepreneurs start their business with less than $10,000 in capital."
It'd be useful if the study -- and studies on this type of thing in general -- defined what type of "entrepreneur" they're talking about (and maybe it does). Someone who opens and runs a corner store and someone who starts, say, a product-based company are different animals. One's not necessarily more "entrepreuerial" or better, but their goals, and attitudes are very different.
It'd be useful if the study -- and studies on this type of thing in general -- defined what type of "entrepreneur" they're talking about (and maybe it does). Someone who opens and runs a corner store and someone who starts, say, a product-based company are different animals. One's not necessarily more "entrepreuerial" or better, but their goals, and attitudes are very different.