At the helm of every business, large or small, is someone who had the fortitude and drive to make it happen. Most of the liberals out there would call these people "greedy." They assume that the only reason anyone gets into business is just to make a profit. Meanwhile, what they forget is that those greedy business owners are the ones that create all of their French fry jobs and providing their minimum wage salaries.
So the Kauffman foundation for entrepreneurship came up with a report on some statistics on those evil entrepreneurs. I thought you might enjoy some highlights:
1. The average and median age of company founders when they started their current companies was 40.
2. 95.1 percent of respondents themselves had earned bachelor's degrees, and 47 percent had more advanced degrees.
3. Less than 1 percent came from extremely rich or extremely poor backgrounds
4. 15.2% of founders had a sibling that previously started a business.
5. 69.9 percent of respondents indicated they were married when they launched their first business. An additional 5.2 percent were divorced, separated, or widowed.
6. 59.7 percent of respondents indicated they had at least one child when they launched their first business, and 43.5 percent had two or more children.
7. The majority of the entrepreneurs in the sample were serial entrepreneurs. The average number of businesses launched by respondents was approximately 2.3.
8. 74.8 percent indicated desire to build wealth as an important motivation in becoming an entrepreneur.
9. Only 4.5 percent said the inability to find traditional employment was an important factor in starting a business.
10. Entrepreneurs are usually better educated than their parents.
11. Entrepreneurship doesn't always run in the family. More than half (51.9 percent) of respondents were the first in their families to launch a business.
12. The majority of respondents (75.4 percent) had worked as employees at other companies for more than six years before launching their own companies.
Pretty remarkable people, aren't they? Well, these are the people that are squarely placed in the Democrat's crosshairs when it comes to tax increases.