Start ‘Em Up: 1 in 8 Americans Is An Entrepreneur

Last month, the results of the Global Entrepreneurship Monitor (GEM) U.S. Report showed entrepreneurship levels in 2012 climbed to a 10-year high.  U.S. adults in the nascent stages of entrepreneurship, either in the process of starting a business or a new business owner, reached almost 13% in 2012, up slightly from 12.3% in 2011.

Here are a few of the report’s findings:

U.S. entrepreneurs are diverse in age and gender

  • There are seven women for every 10 men engaged in entrepreneurship in the U.S.

  • Entrepreneurship is not age specific; it attracts everyone from youth to seniors. Regardless of the age group, when workforce participation rates are taken into account, approximately 15-20 percent of adults in the workforce in each age group are engaged in entrepreneurship.

Americans are highly optimistic about entrepreneurship in the U.S.

  • More than 43 percent of Americans believe there are good opportunities for entrepreneurship, a more than 20 percent jump from 2011 and the highest level recorded since GEM launched in 1999.

  • 56 percent of Americans believe they have the capabilities to start a business – a figure that has remained remarkably stable over the past five years despite severe economic volatility.

 

Source: Global Entrepreneurship Monitor