newslogoFranchise and Small Business Startup News

Survey: Americans More Optimistic Than Ever About Starting a Business

S

WELLESLEY, Mass. – Americans are more optimistic than ever about starting a business, according to the latest Global Entrepreneurship Monitor from Babson College and the London School of Business.  The survey showed 47% of respondents perceived good opportunities for starting a business in 2013, the highest level reported since the report began in 1999. 

Not surprisingly, optimism is up sharply since the start of the recession – only 28% saw good opportunities in 2009. The 15th annual GEM surveyed 5,698 working-age adults in the U.S. last year, and found nearly 13% were in the process of starting or running a new business. That was the higher entrepreneurial rate among 25 developed economies studied.

Other highlights released this month found:

  • Nearly 13 percent of the U.S. population (an estimated 25 million Americans) were in the process of starting or running a new business.
  • More than one-third say they offer innovative products or services to new customers with few competitors.
  • 37 percent expect to employ six or more employees in the next five years.
  • One out of 10 women in the U.S. is starting or running a new business, and established female business owners ranked their happiness and well-being more than twice as high as non-entrepreneurs and non-business owners.
  • The U.S. has the highest rate of entrepreneurship among 55- to 64-year-olds in the 25 developed economies surveyed. They are equally likely as younger Americans to see entrepreneurial opportunities and are less risk averse – more than half rank in the top third of household income.

Learn more from the news release and the full report.

About the author

Franchise Insights
By Franchise Insights
© Copyright 2019 FranchiseNews.com and Franchise Ventures, LLC—All Rights Reserved.

Get the latest franchise news delivered to your inbox!


Recent Posts

RSS The Franchise.com Blog

RSS FranchiseGator News

RSS Franchise Solutions

RSS Landmark Interactive Franchise Group

---->