PHILADELPHIA, PA, September 05, 2013 /24-7PressRelease/
-- For Arturo Alvarez Demalde
, the entrepreneurial spirit is what has motivated him throughout his career; it is what has pushed him to become a global professional, earn an MBA from Harvard Business School and serve as a managing partner of AD4. While Alvarez --Demalde may seem to be participating in the sweeping trend of entrepreneurial culture, emerging evidence has revealed that today's startup culture is not as rampant--or as young--as many may think. Having learned from his own endeavors and mentorship activities, Alvarez-Demalde explains that although the idea of the "young entrepreneur" is an ideal for many, the road to business ownership is one that does not necessarily happen straight out of college.
To illustrate this trend, Arturo Alvarez Demalde points to a recent article from Forbes that reveals, "...according to AMEX OPEN's reliable research on entrepreneurship, appropriately titled the 'Ages Survey,' in the wake of the first recession, Generation Y has become more risk-averse than we were in 2007 and as a result are rethinking striking out on our own immediately upon (or even before) graduation. The report counts mounting student loan debts and the unattractive option of living at home with mom and dad while building a business among the factors keeping Millennials from becoming founders so young--and to be sure those are valid concerns."
Arturo Alvarez Demalde responds, "There are many successful young entrepreneurs that are not only found in the United States, but all over the world. However, this survey is important, because it paints a realistic view of what is actually going on in the startup world. While small business and entrepreneurship have been heralded as heroic in the wake of the recent recession, it is essential that young minds with enterprising visions take a step back and realize that there are often many challenges to overcome before launching a company. The study may also lead many to wonder: what is the perfect age to become an entrepreneur?"
The article reveals that many Baby Boomers have had more success--and confidence--as entrepreneurs in recent years than Millennials, perhaps due to experience and greater financial security. However, Forbes also notes that age may not always play the central factor in success.
Rather, the article suggests, "...AMEX OPEN finds a silver lining in the economic downturn that seems to have benefited entrepreneurs of all ages who've muscled through. Eight in ten entrepreneurs in both cohorts (Millennials and Boomers) say that shepherding their businesses through the five years of recession spending has made them better, more efficient entrepreneurs.
They say they've become more creative in their marketing...have become more savvy with their finances...and businesses that have made it through the downturn from both generations report marked revenue growth. Millennial-owned businesses have seen revenues rise 24 percent according to the report. Boomers have experienced 10 percent upticks."
"Resilience is an incredibly important factor in determining success as an entrepreneur. Some people have it naturally, which may be displayed more by Millennials, while others--such as Boomers--may develop it through experience. There are many challenges involved with launching a startup, but age should never prove the biggest concern," Arturo Alvarez Demalde concludes.
Arturo Alvarez Demalde is a noted investor and entrepreneur who currently resides and works in Miami, Florida. As the managing partner of AD4--a family-owned private equity and real estate investment firm--Alvarez-Demalde is continuously focused on new investment opportunities, particularly those within Latin America. Alvarez-Demalde is a global professional who has studied, worked and taught in several countries, including Europe, Latin America and Asia. In addition to his responsibilities at AD4, Alvarez-Demalde continues to serve Advisory Committee Member of the David Rockefeller Center for Latin American Studies at the Harvard Business School and remains supportive of the entrepreneurial spirit.