GITNUX MARKETDATA REPORT 2024

Must-Know Entrepreneur Statistics [Recent Analysis]

Statistic 1

"About 15 million people, or 10% of the U.S. labor force, are self-employed entrepreneurs — a ratio that has relatively stable for the past 25 years."

Sources Icon

Statistic 2

"According to Forbes, 90% of startups fail."

Sources Icon

Statistic 3

"About 77% of small businesses rely on personal savings for their initial funds."

Sources Icon

Statistic 4

"According to Global Entrepreneurship Monitor, more than 100 million startups are launched every year, which is about 3 startups per second."

Sources Icon

Statistic 5

"Harvard Business School reports that 62% of U.S. billionaires are self-made entrepreneurs."

Sources Icon

Statistic 6

"Global Entrepreneurship Monitor (GEM) 2019/2020 Report indicates that Entrepreneurship increased 10% in the last two years worldwide."

Sources Icon

Statistic 7

"According to Census Bureau’s Annual Business Survey, approximately 18.3% of businesses in the US are minority-owned."

Sources Icon

Statistic 8

"About 70% of entrepreneurs said they started their businesses from home, according to Small Biz Trends."

Sources Icon

Statistic 9

"According to Quartz at Work, less than 1% of all new start-ups end up being billion-dollar companies."

Sources Icon

Statistic 10

"According to Investopedia, every year, about one in twelve businesses close and only 4% of businesses manage to stay operational after ten years."

Sources Icon

... Before You Leave, Catch This! 🔥

Your next business insight is just a subscription away. Our newsletter The Week in Data delivers the freshest statistics and trends directly to you. Stay informed, stay ahead—subscribe now.

Sign up for our newsletter and become the navigator of tomorrow's trends. Equip your strategy with unparalleled insights!