{"id":161174,"date":"2024-03-26T16:33:53","date_gmt":"2024-03-26T16:33:53","guid":{"rendered":"https:\/\/tecscience.tec.mx\/en\/?p=161174"},"modified":"2024-03-28T20:23:20","modified_gmt":"2024-03-28T20:23:20","slug":"senior-entrepreneurs","status":"publish","type":"post","link":"https:\/\/tecscience.tec.mx\/en\/business-innovation\/senior-entrepreneurs\/","title":{"rendered":"How Can Senior Entrepreneurs Run a Successful Business?"},"content":{"rendered":"\n

In Latin America and the Caribbean, there is a population of entrepreneurs considered seniors, given they are over 50 years of age, who are creating businesses out of necessity rather than opportunity,<\/strong> according to professor and winner of the Romulo Garza 2023 Award<\/a>, Jos\u00e9 Amor\u00f3s.<\/p>\n\n\n\n

The associate dean of faculty at EGADE Business School<\/a> believes that, although entrepreneurship for older Latin American citizens may seem difficult, it is a task that concerns the entire ecosystem and population, regardless of age.<\/strong><\/p>\n\n\n\n

With his study, in which he collected data from more than 15,000 people, Necessity or Opportunity? The Effects of State Fragility and Economic Development on Entrepreneurial Efforts<\/a><\/em>, Amor\u00f3s concludes that the fragility of governments in the region is what leads to the increase of older entrepreneurs out of necessity.<\/strong><\/p>\n\n\n\n

The academic<\/a>, however, does not rule out that older entrepreneurs may have successful and innovative projects.<\/p>\n\n\n\n

Although the overview in the entrepreneurial ecosystems (EE) of each country and their link with governmental support are a key factor and, therefore, a focal point of the discussion, senior entrepreneurship<\/a> in developing countries also relies upon these entrepreneurs’ adaptability.<\/strong><\/p>\n\n\n\n

The researcher highlights the need for public policy initiatives to improve the entrepreneurial activity of this segment within the region, particularly in terms of implementing programs that enable new opportunities together with the involvement of the civil population.<\/strong><\/p>\n\n\n\n

“It is essential to evaluate the specific contexts in which these entrepreneurs operate<\/strong>, and to understand the political, economic and social dynamics of each country or region,” says Amor\u00f3s in an interview with TecScience<\/em><\/strong>.<\/p>\n\n\n\n

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