Sunday, March 22, 2009

Bureau News

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:
  • 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.


  1. I love reading stats, so this post is really interesting. I would like to see the percent of people in the US that own a business though so I could better compare.

  2. what a great idea! starting my own business! now if only i could come up with an idea as to what i can provide better than anyone else that a large number of people would actually pay for! Hey sergio, maybe you could provide a link for business ideas or an idiot's guide to starting a business or something like that. it's nice to be given the idea, it would be even cooler to be given instructions!!

  3. Those stats are surprising. I didn't realize that one in four business owners started after high school. well, good job on being part of the 2% under 25 to be a business owner...and part of the 64% with some colles experience. Pretty soon you can rub elbows with the 23% with a degree. Congratulations..I only wish I had that success at such a young age! I agree that a how to start your won business would be very interesting. I have many people in my family who work for themselves/own a business and want to know if I have the skills to do it myself. Patience is another issue.

  4. Yeah, as Regan said, patience is a huge issue. I come from a family where my parent's managed their own business while my Dad also worked full time. As you can imagine, my Mom took on a lot of the responsibiliy. And as for myself, I've got several memories of being bored to death down at their business, a Jeep parts shop and yard. My parent's sold the shop eventually, which I believe was from the stress. However, the veteran stat is definitely believable because ever-since my parent's have been fishing to start a new, supposedly more simple business. I've heard things from ebay to picking up old cars for their reusable steel from my Dad.

  5. I REALLY LIKE THE NEW LOOK!!! The heading/title block is perfect! GOOD JOB!