The Diversity of Entrepreneurs in the U.S. [Infographic]
Entrepreneurs are the backbone of any economy. They create wealth, jobs, new services and contribute to their communities in a variety of ways. And the good news is that, entrepreneurs in the U.S. are becoming increasingly diverse.
To celebrate this diversity, we created out latest infographic, which got featured in Entrepreneur.com. We gathered datа from authoritative sources such as the Bureau of Labor and the Kauffman Foundation. Here are some interesting takeaways from it.
Each month, approximately 550 000 businesses open up and the gender divide is slowly being closed. 40.6% of all entrepreneurs are now women. Among female entrepreneurs, the group with the highest rate of starting new businesses is African American women. In fact, their rate of starting up is 6 times the national average!
Entrepreneurs in different age groups are relatively uniformly distributed, although Millennials are not living up the hype and their share of entrepreneurs is seeing a decline.
Immigrants now make up almost a third of all entrepreneurs but they are quickly catching up, as they are twice as likely to launch a new business than their U.S.-born counterparts.
Want to find out more interesting statistics about the diversity of entrepreneurs in the U.S? Check out the infographic below and don’t forget to share it on social media or on your website using the embed code below it.
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Victor Lance is the founder and president of Lance Surety Bond Associates, Inc. He began his career as an officer in the U.S. Marine Corps, serving two combat tours. As president of Lance Surety, he now focuses on educating and assisting small businesses throughout the country with various license and bond requirements. Victor graduated from Villanova University with a degree in Business Administration and holds a Masters in Business Administration (MBA) from the University of Michigan's Ross School of Business.