Millions of Americans Dive into Solopreneurship, Often En Route to Scaling Up - News Summed Up

Millions of Americans Dive into Solopreneurship, Often En Route to Scaling Up


Among Africans and African/Americans, 20% are starting and running new businesses—up 15.5% from 2016; 4% are running established businesses. Among Asian Americans, 17% are running startups and 7% are running established businesses. In contrast, 12% of white Caucasian entrepreneurs are starting businesses, and 9% are running established businesses. 85% of established business owners expect to be profitable in the current year, and 76% were creating jobs on payroll. The median investment among established business owners was $10,000.


Source: Forbes January 31, 2019 15:31 UTC



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