New Info: Starting a Business | Current Entrepreneurship Trends
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In this presentation you'll learn the current trends around starting a business. I provide you the entrepreneurship trends by gender, race, & age. You'll also learn why people start a business and the skills required to be a successful small business owner.
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New Info: Starting a Business | Current Entrepreneurship Trends
- 2. 73% % of Small Business that are Sole Proprietors 41.8 Identify as a one-person company (and the number is growing) million people $1.3 Contribution to the U.S. Economy trillion dollars SOLOPRENEURS MAKE UP THE MAJORITY OF SMALL BUSINESS OWNERSHIP Source: Forbes www.stewartswayze.com
- 3. WHY DO YOU WANT TO START A NEW BUSINESS? PERCEPTION VS. REALITY Source: OnePoll (Poll of 1000 U.S. adults + 500 Small Business Owners) Perception of U.S. Adults Be in charge of my own destiny Financial independence Flexible working More satisfaction More money 01 02 03 04 05 Reality of Small Business Owners More satisfaction Flexible working Be in charge of my own destiny Financial independence Work/life balance 01 02 03 04 05 www.stewartswayze.com
- 4. THE MAJORITY OF NEW BUSINESS OWNERS FIND "BEING THEIR OWN BOSS" MORE SATISFYING THAN EXPECTED Source: OnePoll % of total entrepreneurs say being their own boss is more satisfying than they ever expected. % of millennial entrepreneurs say being their own boss is more satisfying than they ever expected. 62% 81% 33% of entrepreneurs say that it's harder than expected www.stewartswayze.com
- 5. 0.5 0.4 0.3 0.2 0.1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Women Men FOR TWO DECADES...MEN ARE MOST LIKELY TO START A BUSINESS Key Takeaway The gap between men and women in new entrepreneurs has persisted for 2+ decades and continued in 2020. Source: National Report on Early-Stage Entrepreneurship in the United States: 2020 & U.S. Census Data www.stewartswayze.com
- 6. 0.5 0.4 0.3 0.2 0.1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Asian Black Latino White TRADITIONALLY, LATINOS ARE MOST LIKELY TO START A BUSINESS Key Takeaway There was a significant increase in new business startups by African Americans in 2020. Source: National Report on Early-Stage Entrepreneurship in the United States: 2020 & U.S. Census Data www.stewartswayze.com
- 7. 0.5 0.4 0.3 0.2 0.1 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 20-34 35-44 45-54 55-64 SINCE 2016, PEOPLE 45-54 YEARS OLD ARE MOST LIKELY TO START A BUSINESS Key Takeaway All age groups experienced sharp increases in the rate of new entrepreneurs in 2020. Source: National Report on Early-Stage Entrepreneurship in the United States: 2020 & U.S. Census Data www.stewartswayze.com
- 8. TOP 5 PERSONALITY TRAITS TO START A BUSINESS: PERCEPTION VS. REALITY Source: OnePoll Poll of 1000 U.S. adults + 500 Small Business Owners What U.S. Adults Perceive You Need Hardworking Persistent Risk-taker Creative Ambitious 01 02 03 04 05 What Small Business Owners Recommend Persistent Self-confident Hardworking Intelligent Friendly 01 02 03 04 05 www.stewartswayze.com
- 9. ARE YOU READY TO CONTROL YOUR DESTINY? Don't start your business alone. Let an expert support you. Schedule your free 30-minute Strategy Session Click Here: www.stewartswayze.com/scheduling Don't worry. No hard selling. That's not my style.