India, March 18 -- One of the common characteristics of successful entrepreneurs is that they launched their ventures while they were young. According to a survey done by Ernst and Young with nearly 700 entrepreneurs, more than half of them launched their companies while they were in their 20s.

The survey also found that they did not jump-start their ventures straight after finishing higher education. They had to gain experience before they could launch their venture. However, nearly a third of the people who participated in the survey said that higher education provided them with the grounding they needed for their business practice. Having an entrepreneurial component in higher education will aid in the creation of more entrepreneurs a...