Today, there are 582 million entrepreneurs in the world. Most people dream that run their own business in one day. Some of them dream it because they have their  own ideas and ideals. Some of them do not want to work under someone else’s pressure and rules. 

Even the number of failures are high at entrepreneurship, when you find the true market and necessary-focused product there is a high chance to be successful and no reason to hold on.

If you have the idea of building a start-up soon or already have it, here are 10 statistics that will be useful for you.

 

  1. The Number of Small Businesses in U.S.A.

According to SBA, there are 30.7 million small businesses in the U.S.A. which is 99.9 percent of all businesses in the country. (A small business should contain less than 500 employers in there.)

 

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2. The Percentage of Adults That Who Believe Entrepreneurship Is A Good Career

There is a common opinion between adults to be a growing understanding of the benefits of entrepreneurship across the world. According to a research by Global Entrepreneurship Model entrepreneurs statistics from 2018/2019, more than half of society feel starting a self-business is a good move for their career.

 

3. U.S.A. Is The Best Country For Entrepreneurs With A 83.6 GEI

The Global Entrepreneurship Index (GEI) is a numerical symbol of the country climate for small business to develop themselves. This index is up to several factors to create  takes into account numerous factors to create a wide perspective of the situation. Switzerland comes second place with 80.4 after U.S.A. and Chad is at the bottom of the list with an index of 9.

 

4. Only %9 of Entrepreneurs Have A Bachelor’s Degree In Business

Not all of entrepreneurs are the ones who takes education of business. Also a smaller percentage of owners (3%) went beyond that with either a Master’s Degree or a PhD in this field. 32% of owners have only taken a couple of business classes, while most (46%) don’t have any form of business education.

 

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5. First Reason That Businesses Failed On Is Not Covering Market Needs

According to CBInsights, 42% of businesses fail because of they do not detect the needs of their market clearly.

 

6. The Percentage of Adults That Who Believe Entrepreneurship Is A Good Career

There is a common opinion between adults to be a growing understanding of the benefits of entrepreneurship across the world. According to a research by Global Entrepreneurship Model entrepreneurs statistics from 2018/2019, more than half of society feel starting a self-business is a good move for their career.

 

7. 62% of Small Businesses Do Not Have Many Employees

According to datas of FreshBooks, more than half of small businesses are working with a lack of staff. With this way, lots of decision becomes more easy to be taken. The same data shows that 28% of businesses have employees between 1-5, while only 10% have over 5 employees.

 

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8. 67% of Small Business Owners Use Personal Funds 

There are lots of financial challenges that entrepreneurs face. The large majority decide to deal with them from their own budgets.

 

9. The Hardest Challenge For A Third of Small Businesses Is Lack of Capital

According to statistics on small business, almost 33% of entrepreneurs feel they barely stand. For 15% of businesses, the biggest challenge is marketing – getting the company in the industry, while 13% of them have a lot of problems with time management. Based on the fact by GuidantFinancial, only 10% of entrepreneurs use outsourcing to help them with accounting. 17% outsource accounting, and 15% outsource payroll.

 

10. 54% of Self-Employed Entrepreneurs Say They Earn More Than Earlier

74% of employees feel they will have to work harder when they become self-employed, but in fact only 59% of entrepreneurs do. The smallest difference between expectations vs. reality is statistics of self-employment entrepreneurship is regarding work/life balance. 66% of people believe that  they will achieve it through entrepreneurship, and 68% of entrepreneurs confirm it too.

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