Entrepreneurs Find Success Through Experience, not Education

A recent study by the Kauffman Foundation reports that entrepreneurs with strong peer support, networks, and experience tend to reach a higher level of success than entrepreneurs with advanced college degrees and university accolades. More than 540 business owners and founders took part in the study, “The Anatomy of an Entrepreneur: Making of a Successful Entrepreneur,” and rated the following four items as extremely important to their success: prior work experience, lessons learned from former failures, lessons learned from former successes, and working with a solid management team. To read the full report, visit http://kauffman.org/uploadedFiles/making-of-asuccessful-entrepreneur.pdf.

Entrepreneurs credit their success to:
*Respondents were asked to select all answers that apply.