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Study Finds Growing Number Of Older Online Entrepreneurs

Written by Ken Gaebler
Published: 5/27/2010

Research from CityMax.com has found that about one-third of online entrepreneurs are 50 years old or older.

A newly released study from the small business website CityMax.com has revealed some encouraging news for entrepreneurs looking to start their own websites at an older age. The survey, which covered 25,000 businesses, discovered that 31 percent of online entrepreneurs are 50 years old or older.

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CityMax.com's president and chief evangelist, Dean Gagnon, said there has been "a recent surge in older entrepreneurs making their own websites." He said that in honor of National Small Business Week, the company "wanted to share our findings on what today's online entrepreneur is thinking."

The most entrepreneurial state on the internet was found to be California (12.3 percent of respondents), followed by Texas (8.4 percent) and Florida (7.0 percent).

The study also found that nearly half (48 percent) of all small business owners skip the morning paper and go straight online after waking up in the morning. By comparison, only 3 percent said they read printed news.

As Gagnon mentioned, the study was released to coincide with the U.S. Small Business Administration's National Small Business Week. To celebrate the week, the SBA hosted a series of events from May 23-25 in Washington, D.C.

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