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31 Key Entrepreneur Statistics You Need to Know

Written by:

Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.

Edited by:

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

31 Key Entrepreneur Statistics You Need to Know

Despite the pandemic – or perhaps because of it – Americans have started new businesses in record numbers in the last few years. As countless people lost their jobs due to COVID, they sought opportunities to control their financial future. 

This took real courage, as entrepreneurship is risky business even in good times. But of course, entrepreneurs are a hardy lot. 

If you’re considering joining the entrepreneurial ranks, or just curious about the idea, this article presents dozens of entrepreneurial statistics that are likely to be surprising and illuminating. 

General Entrepreneurship Statistics

General Entrepreneurship Statistics

People start businesses for all sorts of reasons and entrepreneurs come in all shapes and sizes. Entrepreneurship is open to everyone, no matter their background or education, and offers vast opportunity. 

The more than 31 million entrepreneurs in the U.S. have realized this and taken advantage of that opportunity by starting their own businesses. Here are some more stunning stats:

Gender Related Statistics

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More men than women are entrepreneurs, unfortunately, although the number of women entrepreneurs is increasing around the world.

Ethnicity Related Statistics

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The number of Hispanic, Black, and Asian entrepreneurs is also on the rise. 

Business Funding Statistics

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Entrepreneurs fund their startups in a variety of ways, with cash being the most common.

Entrepreneur Income Statistics

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Of course, if you’re thinking of starting a business, you’ll be interested in how much entrepreneurs make.

Success Rates

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Most startup businesses do not succeed, but don’t let this stop you. With more than 8,000,000 businesses operating in the U.S., clearly the number of businesses that succeed is high, even though the percentages are low.

In Closing

Whatever statistics you use, the fact is that US entrepreneurship has grown by leaps and bounds over the past decade. People want to be in control of their time and their future. If you’re considering starting your own business, be sure to do plenty of research and talk to other entrepreneurs to learn about their experience. 

Good preparation will vastly increase your chances of success. 


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31 Key Entrepreneur Statistics You Need to Know