Returnees' Entrepreneurship: What is the Best Age?

There are many factors for the success of returnees' entrepreneurship, but those opportunities are more likely to succeed. I found that the entrepreneurial age of returnees is also very important. Through the samples of successful entrepreneurship and development of returnees obtained from different channels, I also made some analysis in this respect. First of all, I found that the average age of these successful returnees is 35 years old. From this point of view, more than 30 years old is the golden age for returnees to return to China to start businesses. This also explains to some extent why it is more difficult for some inexperienced young returnees to start their own businesses. Of course, it's not that young returnees can't start a business, but my data shows that the average age of successful returnees is over 30. This is also easy to understand. Studying abroad for several years, some even studying for seven or eight years, and then accumulating several years of work experience, establishing their own industry and personal networks, and accumulating certain funds before starting a business is fully prepared. At this age, entrepreneurship is more confident and easier to succeed.

In addition, through other analysis of returnees' entrepreneurs, it is found that those who successfully return to China to start businesses are still mainly from the United States. Among the returnees who successfully returned to China to start businesses, 54% returned from the United States, and most of the successful enterprises founded by returnees returned from the United States; 23% from Europe, 10% from Canada, 9% from Japan and 3% from Australia. Many Americans come back to start businesses. Most international students who come back from the United States start their own businesses because the entrepreneurial culture in Silicon Valley in the United States has a great influence. In July of XX, I attended an activity organized by Huayuan Association for Science and Technology in Silicon Valley, California, USA. Nearly 100 international students came to participate in the activity, most of them were entrepreneurs, and almost everyone was the CEO of their own company. This is the most time that I met entrepreneurs when I participated in international student activities around the world, which shows the influence of entrepreneurial culture in the United States, especially in Silicon Valley.

According to the distribution of overseas study majors, 46% of overseas study majors of entrepreneurial returnees are science and engineering, 27% are economics or business administration, 12% are law or other humanities, 9% are medical and health, and 6% are other majors. In addition, from the perspective of gender, male returnees account for the vast majority, reaching 90%, while female entrepreneurs only account for 10% of the total proportion of returnees, which shows that it is still difficult for female returnees to start businesses in China.

China is in an era of increasingly fierce global competition. If China wants to be invincible in the fierce world-class competition, and China wants to be made in China and created in China, it must strengthen the innovation of the state, society and enterprises. China is advocating the construction of an innovative country. Building an innovative country needs to rely on a lot of entrepreneurship, and we should change the tendency of emphasizing innovation over entrepreneurship, especially in the high-tech field. Returnees have unique natural advantages in the combination of innovation and entrepreneurship. Returned overseas Chinese in China are helping the country to establish a number of international China enterprises. Returnees returning to China to start businesses not only help China go global, but also help the world go global to China. We should attach importance to the power of returnees and strengthen the research on the phenomenon of returnees' entrepreneurship.