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."

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Statistic 2

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

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Statistic 3

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

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Statistic 4

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

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Statistic 5

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

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Statistic 6

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

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Statistic 7

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

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Statistic 8

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

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Statistic 9

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

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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."

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