London School of Business & Finance: Serial entrepreneurs key to success of UK economy

The Centre for Entrepreneurs and Coutt’s latest report on serial entrepreneurship is covered in a blog on the London School of Business & Finance.

The report found that individuals are now starting up a business at a younger age, with over 50 per cent having set up their own business by the age of 25, compared to 23 per cent of individuals aged 35 and above.

Younger entrepreneurs were found to be more impatient to exit their business, with 63 per cent planning to leave the business within the next five years, compared to 46 per cent of individuals aged 35 and over.

The report also listed the main motivation for serial and one-time entrepreneurs, with 90 per cent stating business growth as their main motivation, 79 per cent interacting with people and 73 per cent contributing to society.

You can read the full article here