Entrepreneur Statistics Guide You to a New Career

Entrepreneur statistics such as these may appear trivial to some, but this is an essential device for any budding enterprise as this will let them know a lot about the industry & can use them as a basis as they set their goals. These statistics can also help as a motivating agent to drive them in becoming successful. But fundamentally, this will give them a better picture of who the American entrepreneur is & what they face in general categories, demographics, gender, & issues.

"Have more control over our future", that is the reason for very 90% of entrepreneurs who chosen taking the risk of beginning their own business endeavor over working for others. Who are these people, well entrepreneur statistics say that 75% these entrepreneurs, with an average age of 40 when they started out, came from other companies where mostly worked for three years or more. Slightly over half of whom were the first in their lineage to have their own enterprise, 70% were already married, & 40% didn't have any children of their own yet.

Demographics wise, 71% come from the middle class, 23% hails from lower class, & the remaining 6% from the upper class. This shows that it is the middle class that has the better chances in becoming an entrepreneur. They have more desire compared to the upper class & more motivation in having their own enterprise, but they have better resources than the lower class such as finding startup capital. Also, 95% of them have a degree, with 47% of them possessing advanced degrees such as a PHD, Master's Degree, or MBA. 42% are first born while 82% are natural born Americans.

Entrepreneur statistics based on gender showed that more men, 80%, than ladies, 59%, were working full time for other companies prior to beginning their own businesses. Men also ranked slightly higher, 89%, in having an independent type of entry than ladies, 85%. For the franchise form, 10% of the female make up in the entrepreneur industry took this road as their entry, while only 4% in men select to have a franchise.

With regards to the issues that entrepreneurs face, entrepreneur statistics show that the most common dilemma is the availability of capital. Of which, over half, 57%, say the issue lies on the initiation of contact with feasible investors, & 29% said that they have issues locating the right investor. The remainder of the hurdles in raising capital include weighing how serious the investor is to their proposal & the high costs of connecting with investors.