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WASHINGTON, June 3, 2021 /PRNewswire/ People age 55+ make up 21% of the U.S. population, but own a disproportionately high 50.9% of U.S. small businesses, according to new survey data from 3,000 entrepreneurs published by SCORE, mentors to America s small businesses.
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The Megaphone of Main Street: Unsung Entrepreneurs data report quotes one encore entrepreneur who explained: I wanted to be in control of my own destiny. I am an industry expert and this is a chance to put my 25+ years of experience to the test.I know I m up for it!
Survey data reveals that encore entrepreneurs have an easier time securing business financing than younger entrepreneurs, but often choose not to use it. Encores were up to 62% more likely to receive non-government aid and 20-46% more likely to be approved for government aid, including PPP loans, unemployment insurance and other sources of federal/state financial assistance, compared to younger bus
Veteran Small Business Owners Face Declining Startup Rates and Service-Related Disabilities
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Veteran Small Business Owners Face Declining Startup Rates and Service-Related Disabilities
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Immigrant Entrepreneurs 40 Percent More Likely to Start Small Businesses
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WASHINGTON, May 6, 2021 /PRNewswire/ Even amidst COVID-19 turbulence, immigrants are 40% more likely to start a business and are more optimistic about hiring new employees than others, according to new survey data published by
SCORE, the nation s largest network of volunteer, expert business mentors.
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The Megaphone of Main Street: Unsung Entrepreneurs reports that unlike other groups, immigrant entrepreneurs cite job discrimination 53% more often as a motivating factor to start their own business. With regular employment, I was underpaid compared to others with four-year degrees, even though I was held to the same work performance standards, said one immigrant entrepreneur who responded to the survey. I could not secure promotions…No employers valued me, but I value myself, so I started a business. The harder I work in my busi