In 1978, Cliff Ensley ’69, ’70, G’71 had an idea to start his own business and just $2,500 to do it. He was used to taking on challenges—there was no stopping him. Growing up, he struggled with a learning disability—at…
‘Unleash the Entrepreneurs America Needs to Build a Post-Coronavirus Economy’
Carl J. Schramm is a University Professor in the School of Information Studies and former president of the Ewing Marion Kauffman Foundation.
COVID-19 has resulted in unemployment rates in America the likes of which haven’t seen since the Great Depression. In an opinion piece in The New York Post, Schramm writes that the stimulus plans enacted by Congress overlook a critical resource that could help the recovery as Americans begin to exit lockdown: aspiring entrepreneurs in their 30s, 40s and 50s.
“Mature entrepreneurs enjoy success rates five times greater than those who start companies in their 20s,” Schramm says. “The lesson here: America’s big companies are our best schools for entrepreneurs.
“To recover from the ravages of COVID-19, our economy needs a surge in entrepreneurship just as we need a vaccine. President Trump should set about changing the nation’s perception of entrepreneurs by celebrating mid-career Americans who start new manufacturing, laboratory and logistics companies.”
To read Schramm’s full commentary, visit The New York Post website.
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