Do You Have to be Rich to be an Entrepreneur?

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September 3, 2004 by Dane Carlson | 0 Comments

Infectious Greed: “A new study by Kevin Moore for the Federal Reserve shows that with better measures of wealth the link to entrepreneurship only exists for people in the top-quartile of home equity value. In other words, for the majority of people wealth is not the primary constraint in becoming an entrepreneur. Matter of fact, as the paper points out, most entrepreneurs start their business with less than $10,000 in capital.”