LONG-TERM RESCUE: A leading entrepreneurial foundation finds that older, baby-boomer entrepreneurs will be providing much of the ingenuity and drive to re-start economic growth in future years. This could be a favorable long-term trend to emerge from the current economic shambles: Smaller, more diverse businesses independent of large corporations and investment firms.
From the L.A. Times article: "Though many people think of entrepreneurs as twentysomethings laboring in their garages on the next Silicon Valley success, the reality is that people age 35 and older have higher entrepreneurship activity rates."
For chauffeured transportation operators, a nation teeming with busy new entrepreneurs, both old and young, would be a substantial market and business opportunity. Entrepreneurs are starved for time, and what better way to save time than to use chauffeured sedans and limousines plugged into digital technologies. As has been the case for decades, small to medium sized businesses and similar-sized services that cater to them will remain the economic muscle of America. -- M.R.
Print | posted on Tuesday, October 14, 2008 9:44 AM