- In 2002, 64 percent of business owners had at least some college education at the time they started or acquired ownership in their business, 23 percent had a bachelor’s degree and 17 percent had a graduate degree. Just over 1-in-4 owners had a high school education or less.
- Thirty-one percent of owners were more than 55 years of age, 29 percent were between 45 and 54, and 24 percent were between 35 and 44. Only 2 percent of owners were less than 25 years of age.
- Fourteen percent of business owners in 2002 were veterans; 73 percent of those operated with no paid employees. Nearly 7 percent of veteran business owners were disabled as a result of injury incurred or aggravated during active military service.
Sunday, March 22, 2009
I have been writing about people taking control of their lives and the statistics I found that were done by the Census Bureau surprised me. Americans are well aware of the opportunity that a small business offers to them and their families. A small business allows people to spend more time with their families and create a residual income. According to the Census Bureau at least half of businesses are operated from home. People are coming to realization that this is the industry to be in. The small business sector is not for anyone, but it can benefit just about anybody that sets their mind to it. Here are some of the people that are joining the industry: