article thumbnail

Why Older Entrepreneurs Have an Edge

Harvard Business Review

Charlton and Reid decided to launch TechTown, a nonprofit business incubator, which went on to spark a small renaissance in entrepreneurship in midtown Detroit. Instead, 72 percent of those in this age group who want to be entrepreneurs envision small start-ups and sole proprietorships with just a handful of employees.

article thumbnail

Where to Find Authentic Entrepreneurs

Harvard Business Review

Many people come to the Silicon Valley in search of nonconformist entrepreneurs, looking for the next big thing. The way to conform in the Silicon Valley is to act like an entrepreneur. To find a nonconformist entrepreneur, we should look to places where entrepreneurship is unpopular. Consider Tokyo.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Economy of Punishment

Harvard Business Review

And relatedly, how do we recognize a black-market innovator who may have all the talent of a Richard Branson or a Jay-Z, but lacks the opportunities for a leg-up in the formal economy? I suddenly realized I was meeting entrepreneurs in prison. To solve this problem, we first need to recognize the talents of the gangster.

article thumbnail

The Problems With Incubators, and How to Solve Them

Harvard Business Review

First-time entrepreneurs lack the seasoning to captain a steady ship through turbulent waters. Inexperienced friends and family (and, increasingly, crowdsourced investors) lack the ability to gauge the viability of a business, or to mentor naïve entrepreneurs. However, there are over 7,500 business incubators around the world.

article thumbnail

How the U.S. Can Rebuild Its Capacity to Innovate

Harvard Business Review

The invention of modern transistors, the adoption of standardized shipping containers, and the advent of low-cost assembly lines in East Asia lowered costs and created larger markets for televisions and radios, setting the stage for an Asian manufacturing powerhouse. By the time that substantial U.S. Mind the Mittelstand.