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Successful Entrepreneurs Often Broke Rules as Teens

Thursday, August 15, 2013   (0 Comments)
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Some Troubled Teens Become Successful Entrepreneurs 

  A Wall Street Journal story by Khadeeja Safdar reports on a working paper by National Bureau of Economic Research economists Ross Levine and Yona Rubinstein. . Using data from the U.S. Census Bureau' s Current Population Survey and the National Longitudinal Survey of Youth, they look at the cognitive, noncognitive and family traits of self-employed individuals who have incorporated businesses and compare it to the characteristics of salaried workers and the self-employed who have not incorporated businesses.. The economists say those who incorporate their businesses show more entrepreneurial intent than those don't. Self employed workers without incorporated businesses tend to earn less than salaried workers. Successful entrepreneurs are likely to show greater learning ability, higher self esteem, greater tolerance for risk, and a tendency to have been troubled as teenagers who engaged in illicit activities. Read the story here. .

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