Entrepreneurial Statistics By Types, Financial, Demographics, Gen Z, Industry And Skill

Introduction

Entrepreneurial Statistics: Entrepreneurship is all about having determination, a clear purpose, and the ability to think big. Being an entrepreneur means there is no single path to success. With the rise of the gig economy and new businesses in areas like FinTech, you can turn your passions into money or solve problems in ways that no one else has. This has completely changed the traditional 9-to-5 job. But becoming an entrepreneur comes with its risks and challenges, especially if you’re creating something from scratch. To help you get a clearer picture, we’ve put together important Entrepreneurial Statistics.

These numbers show how business owners have built small businesses and startups. Whether you’re raising money or just coming up with a great idea, it’s helpful to check out these stats on success, failure, funding, and more before starting your journey.

Editor’s Choice

• There are 31 million entrepreneurs in the US, making up 16% of all adults.
• Entrepreneurial Statistics stated that nearly 55% of adults in the US have started at least one business.
• 86% of small business owners say having their own business has helped them achieve their personal financial goals.
• Most entrepreneurs in the US are over 50. About 44% are from Generation X, and 41% are Baby Boomers. Millennials make up 12% of entrepreneurs in the country.
• 93% of women business owners are from Generation X, 19.42% are Baby Boomers, and 10.68% are Millennials.
• 3 million businesses in the US are owned by women, with nearly 48% owned by women of color. In 2019, 1,625 businesses were started by women every day, with women of color starting 89% of them.
• Tech companies run by women have 35% higher returns on investment (ROI) than those run by men.
• Venture-backed companies founded by women perform 63% better than those started by men.
• Around 25% of businesses are using AI to handle labor shortages, and 33% use it to automate IT tasks like managing data and keeping systems secure.
• Black Americans are the fastest-growing group of entrepreneurs in the US, with 26.4% identifying as entrepreneurs.
• Having a college degree doesn’t affect the revenue of small businesses.
• Countries like the U.S., Canada, and some Western European nations have policies that support entrepreneurs.
• Solo business founders are 54% less likely to close their businesses compared to those with partners.
• Entrepreneurs who fail the first time are more likely to succeed on their second try.
• Entrepreneurial Statistics stated that nearly 40% of entrepreneurs start their businesses because they want to make a positive difference in the world.
• 96% of people who work for themselves have no desire to return to a “regular job,” and 92% of entrepreneurs don’t regret starting their businesses.
• The average age of entrepreneurs starting their first business is 42 years old.
• Gen X makes up the largest group of small business owners at 46.5%, while Baby Boomers make up 45.5%.
• The main reasons people start small businesses are dissatisfaction with corporate jobs and wanting to be their boss.
• Entrepreneurial Statistics stated that almost 96% of entrepreneurs don’t want to go back to their old jobs.
• 9% of all businesses in the US are small businesses with fewer than 500 employees.
• One-third of US entrepreneurs feel good about the political environment in the country when running a business. About 27% are very confident, 21% are neutral, and 19% are not very confident.

Types of Entrepreneurship

#1. Small Business Entrepreneurship

• Small businesses are key to India’s economy, driving innovation and creating jobs. These businesses, ranging from neighborhood shops to tech startups, are crucial to local economic growth.
• Business owners usually fund their ventures using their own money or loans from friends and family.
• Examples of small businesses include local hair salons, grocery stores, milk stands, plumbers, carpenters, and small clothing shops.

#2. Large Company Entrepreneurship

• Large companies thrive on innovation and provide a range of products based on their main offerings.
• These businesses are ideal for experienced professionals skilled at maintaining innovation.
• A small business can grow into a larger company or be acquired by a bigger corporation.

#3. Scalable Startup Entrepreneurship

• This kind of entrepreneurship starts with a unique idea that has the potential for significant growth.
• Startups typically seek funding from venture capitalists and hire specialized staff to expand quickly. The goal is rapid growth and high profits.

#4. International Entrepreneurship

• International entrepreneurship involves doing business outside a country’s borders.
• Entrepreneurs may open offices in other countries or export goods. This is especially useful when demand in the home market decreases but rises abroad.
• Entrepreneurs often start selling domestically and then expand into international markets.

#5. Social Entrepreneurship

• Social entrepreneurs focus on solving social problems and creating solutions to improve society.
• Their work aims to bring positive change, such as environmental protection or supporting underserved communities.
• The primary goal of social enterprises is social impact rather than financial gain.
• Non-profit organizations are good examples of social enterprises.

#6. Environmental Entrepreneurship

• Environmental entrepreneurship, also known as ecopreneurship, combines making a profit with being environmentally conscious. These entrepreneurs aim to replace harmful products with eco-friendly alternatives.
• Businesses in this field focus on sustainability and protecting the environment.

#7. Technopreneurship

• Technopreneurs use their technical expertise to create businesses based on technology.
• These businesses rely heavily on innovation and new technologies.
• Technopreneurs create products or services that make a difference, and they employ creative and tech-savvy people who can drive technological change.

#8. Hustler Entrepreneurship

• Hustler entrepreneurs are motivated and self-driven, starting small and working hard to grow their businesses.
• They don’t rely on large investments but put in their best efforts to succeed. They create opportunities, take risks, and face challenges without giving up.

#9. Innovative Entrepreneurship

• Innovative entrepreneurs come up with new ideas and solutions that can change industries.
• They introduce new products or services and work to improve people’s lives.
• These ventures require significant investment to succeed but contribute a lot to the economy and society.

#10. Imitative Entrepreneurship

• Imitative entrepreneurs focus on copying existing successful business ideas and improving them.
• They often operate under franchises, using current technologies and adapting them for local needs. Examples include fast food chains and large multinational companies.

#11. Researcher Entrepreneurship

• Researcher entrepreneurs spend time studying the market and gathering information before starting their business.
• They use facts and data to guide their decisions, creating detailed plans based on research to reduce the risk of failure.

#12. Cyberpreneurship

Cyberpreneurs run businesses entirely online, using the internet to sell products or services.

This kind of entrepreneurship operates in the digital space and includes eCommerce websites and online entertainment platforms like OTT services.

General Entrepreneurial Statistics

• In countries like the United Arab Emirates, the United Kingdom, and Australia, more than 8% of adults are involved in starting or running a business.
• In Japan, only 1 out of 10 adults believe there are good opportunities to start a business.
• In Puerto Rico, Egypt, Mexico, and Oman, 2% of adults have started their own business.
• In Madagascar, 20% of adults own established businesses.
• In Brazil, 16% of adults have their own businesses.
• In Guatemala and Ecuador, 15% of adults are business owners, and 14% of adults in Greece are business owners too.
• Entrepreneurial Statistics stated that almost 69% of US entrepreneurs begin their businesses from home.
• In countries like Egypt, Norway, North Macedonia, Japan, and Pakistan, there are more than two male entrepreneurs for every female entrepreneur.
• In the US, 73% of small business owners are men, and 25% are women.
• Among Gen X aspiring business owners, 71% are men, and 29% are women.
• Among baby boomer aspiring entrepreneurs, 74% are men, and 26% are women.
• People aged 50-59 make up the largest group of entrepreneurs in the US.
• In the US, 56% of small businesses that were started in 2014 survived for five years.
• In 35 out of 50 countries, more than half of adults started businesses because there weren’t enough job opportunities.

(Source: searchlogistics.com)

• Entrepreneurial Statistics stated that almost 26% of US entrepreneurs said they started their business because they wanted to be their boss.
• 23% of entrepreneurs in the US began their business to follow their passion.
• 37% of people who want to start a business are driven by the desire to be their boss.
• The biggest obstacle for entrepreneurs is raising money.
• Entrepreneurial Statistics stated that 64% of people planning to start a business think they’ll need between $50,000 and $170,000, 29% need between $170,000 and $500,000, and 7% believe they’ll need more than $500,000.
• Millennials are more willing to take out loans to fund their businesses compared to older generations, especially those nearing retirement. Young entrepreneurs think that having a good business plan can help them succeed financially.
• In 7 countries, more than 1 in 20 adults are starting businesses with products or services that are new to their area.
• In Colombia, fewer than 1 in 10 entrepreneurs expect to create any new jobs in the next five years.
• In China and Madagascar, 6 out of 10 new entrepreneurs don’t expect to add jobs within the next five years.
• In Saudi Arabia, the UAE, and Qatar, more than half of new business owners expect to create six or more jobs in the next five years.
• 32% of people reported that dealing with irregular income and cash flow was a challenge in starting their business, according to FreshBooks’ 2021 Report.
• 28% of aspiring business owners worried about having lower income when launching their business.

Entrepreneur Financial Statistics

• Entrepreneurial Statistics stated that almost 86% of small business owners say having their own business has helped them achieve their personal financial goals.
• On average, small business owners need about $10,000 in startup capital.
• Entrepreneurial Statistics stated that almost 18% of small business owners and people planning to start a business get money from friends or family.
• Most entrepreneurs (75%) say they fund their business with their money, aside from income from customers. Loans are the next most common way to get money, followed by earnings from other jobs or businesses.

(Source: demandsage.com)

• 85% of solopreneurs say they have used a credit card to pay for their business expenses or get quick funding.
• Entrepreneurial Statistics stated that nearly 78% of small business owners say their business is making a profit.
• According to our survey, it usually takes 1 to 2 years for a business to start making a profit.
• 37% of entrepreneurs believe their sales and Annual Recurring Revenue (ARR) will increase this year.
• The $100,000 to $500,000 ARR range is the toughest to reach.
• 54% of the people in our survey say they have a hard time managing their finances.
• 22% struggle to get funding, 18% have trouble with budgeting, and 13% find it difficult to earn a steady income.
• Entrepreneurial Statistics stated that 40% of crowdfunding campaigns are for business and entrepreneurship-related projects.

Entrepreneur Success Rate Statistics

• Many people worry about the high failure rate of businesses, but this stat from the Bureau of Labor Statistics (BLS) is more reliable.
• On average, 30% of businesses shut down by the end of their second year, and half will close within five years. After 10 years, only about a third of businesses are still running.
• It’s not unusual for entrepreneurs to make six figures in their first year.
• Businesses with a physical store usually bring in around $105,000 in revenue during their first year.
• Mobile businesses make about $100,000, while online businesses average $50,000 in revenue.

(Source: hbr.org)

• Although many businesses earn six-figure revenue, that doesn’t always mean they are profitable right away.
• Entrepreneurial Statistics stated that only 15% of entrepreneurs turn a profit in their first year. Another 40% start making a profit in their second year.
• Looking at industries, the largest number of new businesses in 2023 are in retail, with 978,400 applications for new businesses.

(Source: explodingtopics.com)

• Out of these, 37,800 are expected actually to launch. Other popular industries include professional services, construction, transportation, warehousing, and healthcare.
• Franchising is a popular way to become an entrepreneur. It’s the most common type of new business in 2024—32% of small businesses are new franchises, and another 10% are purchases of existing franchises.

Immigrant Entrepreneurship Statistics

Immigrant entrepreneurs bring fresh ideas and help reduce unemployment by creating jobs and adding value to their communities. Here are some key statistics about immigrant entrepreneurship:

• In 2023, 0.58% of immigrants started new businesses, while only 0.32% of U.S.-born people did. This means that for every 100,000 adults, immigrants started 320 new businesses.
• 55% of the startups in the US worth $1 billion or more have at least one immigrant founder.
• People from minority groups are more likely to have started businesses after March 2023.
• In the retail sector, 24% of businesses are owned by immigrants. For food services and accommodations, 37% are immigrant-owned.
• Entrepreneurial Statistics stated that out of 18.5 million immigrants employed in the EU in 2018, 13% worked as self-employed contractors.
• Immigrants started 28% of small, local businesses (also known as Main Street businesses).
• Although immigrants are 13.6% of the US population, they make up 25% of entrepreneurs in the country.

Women Entrepreneur Statistics

There are fewer women than men running businesses in the US, but the number of women-owned businesses has been steadily increasing. Still, there is a lot of room for improvement in terms of pay and opportunities for female entrepreneurs.

• Entrepreneurial Statistics stated that almost 5% of business owners are women, and 58.5% are men.
• Women start their businesses because they feel ready to be their boss (57.89%), they are unhappy with corporate jobs (37.72%), and they want to follow their passion (29.82%).
• As of 2024, 1.25 million out of 3 million businesses in Texas are owned by women.

(Source: genderdata.worldbank.org)

• On average, women entrepreneurs earn 91 cents for every $1 earned by men.
• Women are 7% more likely than other business owners to grab business opportunities.
• Most women business owners (73.68%) say they feel somewhat or very happy with their business.
• Women, compared to men, tend to start businesses at a younger age, no matter their race (Black, Asian, Hispanic, or white).
• As of 2023, women will receive hundreds of millions of dollars from federal contracts, making up 92% of all federal small business contract spending.
• Entrepreneurial Statistics stated that almost 93% of women business owners are from Generation X, 19.42% are Baby Boomers, and 10.68% are Millennials.

(Source: clarifycapital.com)

• Entrepreneurial Statistics stated that 49% of women-owned businesses are between 0-5 years old, 17.5% are 6-10 years old, 12.28% are 11-15 years old, 5.26% are 16-20 years old, and 6.14% are 20 years or older.
• In 2023, women were slightly more likely than other entrepreneurs (23.68%) to own businesses that are 10 years or older.

(Reference: genderdata.worldbank.org)

• 45% of women entrepreneurs are more likely to ask a financial advisor for help.
• Entrepreneurial Statistics stated that almost 45% of women entrepreneurs prefer to manage their financial investments.
• 27% of female business owners are motivated by the desire for independence, creativity, and flexibility. Another 27% are driven by the freedom and control that come with being their boss.
• Of all entrepreneurs, 41.5% are women, while 58.5% are men.
• In the past year, 41% of women entrepreneurs opened a new franchise, 29% bought an existing independent business, and 18% started a new independent business. The remaining 11% purchased an existing franchise.
• Women entrepreneurs are 20% more likely than men to start businesses based on their passions.

Entrepreneur Mental Health and Burnout Statistics

• Entrepreneurial Statistics stated that solopreneurs tend to work fewer hours and get more time off. However, they also experience more stress because they handle everything on their own in their business.
• The survey found that 34.4% of entrepreneurs suffer from burnout. The long hours and strong focus on their work contribute to this problem, highlighting how tough entrepreneurship can be on mental health.
• Here’s a quick look at the specific challenges they face:

Mental Health Issue	%
No direction or purpose	11.9
Hopelessness	12.3
Relationship strain	13.7
Depression	19.8
Insomnia or other sleep disorders	21.6
Loneliness or isolation	26.9
Poor work-life balance	31.7
Imposter syndrome	31,7
Burnout	34.4
Financial worries	39.2
High stress	45.8
Anxiety	50.2
None of the above	12.4

• Starting a business can be stressful, but nearly 75% of business owners say they are happy, whether very happy or somewhat happy.

(Source: feedough.com)

• Entrepreneurial Statistics stated that only around 15% say they are unhappy, and 10% feel neutral.
• On a scale of 1 to 5, the overall happiness score is 3.95, which is good news for people considering starting a business.
• Entrepreneurial Statistics stated that more than half of entrepreneurs (50.2%) struggle with anxiety. The pressure of running a business makes anxiety common, showing how tough it can be for many entrepreneurs.
• Nearly 87.7% of entrepreneurs experience at least one mental health issue, while only 12.3% say they don’t have any mental health problems.

Entrepreneur Demographics Statistics

• Entrepreneurial Statistics stated that, in 2023, 77.5% of small business owners in the US are men, while 23.4% are women.

(Source: demandsage.com)

Gender	Share of Respondents
Self describes	0.2%
Female	23.4%
Male	77.5%

• Entrepreneurial Statistics stated that Gen X has the largest group of entrepreneurs in the United States. According to Guidant’s yearly report, 46.46% of the entrepreneurs surveyed are from Gen X, while Baby Boomers make up 45.4%.
• Here is a table showing the number of entrepreneurs in the US by generation:

Generation	Share of Respondents
Post-war	0.5%
Gen Z	0.5%
Boomers	45.5%
Gen X	46.5%
Millennials	7%

• In the United States, 84.7% of entrepreneurs are White, 4.1% are Hispanic, and 4% are Black.
• Here’s a table showing the breakdown of entrepreneurs in the US by race:

Race	Share Of Respondents
Asian American	4.1%
Hispanic	4.1%
Black	4%
White	84.7%
Others	2.7%

• Entrepreneurial Statistics stated that nearly 6% of small businesses in the US are owned by veterans.
• Florida leads the nation in entrepreneurship, with 12.2% of adults in the state owning or running businesses.

US Entrepreneurship Statistics

• Almost all businesses in the US, 99.9%, are small businesses. Around 30.2 million small businesses and about half a million new businesses start each month, showing that entrepreneurship is growing fast.
• These small businesses employ 58.9 million people and create around 2 million new jobs every year. Almost half of the US workforce (47.5%) works in small businesses.
• Most entrepreneurs in the US are over 50. About 44% are from Generation X, and 41% are Baby Boomers. Millennials make up 12% of entrepreneurs in the country.
• There are about 15 million entrepreneurs in the US, and this number is expected to grow.
• By the end of 2020, around 27 million Americans are expected to leave their full-time jobs to become fully self-employed.
• Most entrepreneurs in the US (83.1%) create their businesses from the ground up.
• Entrepreneurial Statistics stated that only 11.3% buy an existing business, and 4.4% inherit or receive their businesses as gifts.
• The US has the highest score (86.80) on the Global Entrepreneurship & Development Index (GEDI), ranking it number one in supporting entrepreneurship.
• The index measures factors like the social and economic conditions that encourage new businesses. Switzerland is second, followed by Canada, Denmark, and the UK.
• One-third of US entrepreneurs feel good about the political environment in the country when running a business. About 27% are very confident, 21% are neutral, and 19% are not very confident.
• Entrepreneurial Statistics stated that 62% of billionaires in the US earned their wealth by building businesses. 18% made their money through a combination of hard work and inherited wealth.

Average Income of Small Business Owners Statistics

• In the United States, small business owners make an average of $71,690 annually, which is 21% more than the typical salary for workers in private companies.
• Entrepreneurial Statistics stated that almost all business owners in finance, insurance, and real estate earn the highest, with an average income of $80,500.
• Owners in agriculture, fishing, and forestry make the least, earning around $57,800 each year.
• Small business owners are also more likely to use technology than the general public:

1. They are 30% more likely to use computers.
2. They are 54% more likely to use email services.

• This data is helpful for B2B marketers who want to reach small business owners through email campaigns. A solid email marketing plan and reliable tools are key to connecting with this audience.
• The average age of a small business owner in the US is 50.3 years.
• Entrepreneurial Statistics stated that almost 61% of small business owners have a stable personal credit score, while 53% have a strong business credit score.
• 24% say their business credit score has gone down over time, compared to just 16% who have seen their personal credit score drop.

Industry and Skill Statistics for Entrepreneurs

• The AI industry is predicted to grow by 33.2% between 2020 and 2027. Many business owners are jumping into the AI market because it’s expanding quickly.
• People are willing to pay for services and products that are easy to use and accurate. 75% of company leaders agree that if they don’t use AI, their business could fail.
• Retail was the leading industry for entrepreneurs in 2022, with most of it coming from eCommerce.
• Other popular industries include restaurants, business services, home and commercial services, and health and beauty. This makes sense because online platforms like Shopify and Amazon are growing so quickly.
• More than half (54%) of business owners believe that communication skills are very important for their team.
• Other important skills include teamwork, managing customer relationships, leadership, and problem-solving.

Gen Z Entrepreneurial Statistics

Gen Z is bringing fresh ideas and using technology to push their businesses forward. Their innovative approach is changing traditional business models. Here’s a breakdown of Gen Z entrepreneurship stats:

• Entrepreneurial Statistics stated that almost 78% of Gen Z respondents believe starting a business is the most accessible career option.
• 72% of Gen Z entrepreneurs feel there are fewer economic chances for their generation compared to previous ones.
• Entrepreneurial Statistics stated that nearly 93% of Gen Z are considering becoming entrepreneurs.
• Inflation and rising prices are the biggest challenges for 23% of small business owners this year.
• Around half of Gen Z want to either start their own company or become entrepreneurs.

(Reference: blog.hubspot.com)

• Entrepreneurial Statistics stated that nearly 42% of Gen Z say having a steady income is their main priority.
• 69% of Gen Z entrepreneurs use online videos and self-directed research to gain business knowledge.
• 50% of Gen Z business owners say making a positive social difference is one of their top three business goals.
• Almost 32% of Gen Z respondents already run their own business, and 21% plan to launch one within the next year.
• Entrepreneurial Statistics stated that for 73% of Gen Z entrepreneurs, their primary income comes from their own business.
• Entrepreneurial Statistics stated that nearly 92% of Gen Z think that having different ways of thinking, or neurodiversity, is crucial for business success.

Digital Transformation in Small Business Statistics

• More and more businesses are seeing the benefits of using online and digital platforms to reach a larger audience. Here are five key eCommerce facts to help you take advantage of this trend:
• In 2024, eCommerce made up 18.9% of global retail sales, and it’s expected to rise to 23% by 2027.
• With 28% of people worldwide shopping online, customers now expect small businesses to have an online shopping option. To stay competitive, small businesses need to have a website to allow online purchases.
• Entrepreneurial Statistics stated that 27% of small businesses still don’t have a website, 87% of them plan to create one soon.
• Even though it’s possible to run a business without a website, having one helps businesses build an online presence and attract customers from anywhere in the world.
• Entrepreneurial Statistics stated that nearly 47% of shoppers will check a business’s website for credibility before making a purchase.
• AI is expected to grow by 37% every year from 2023 to 2030.

(Reference: weforum.org)

• Around 25% of businesses are using AI to handle labor shortages, and 33% use it to automate IT tasks like managing data and keeping systems secure.
• Many businesses believe AI can boost employee productivity and reduce costs, so more companies are expected to use it in the future.
• Entrepreneurial Statistics stated that About 89% of customers read online reviews before making a purchase, especially those under 44 years old.
• For 41% of Americans, a positive review is the most important factor when choosing a local business.
• As a result, 88% of small businesses track their brand reputation on social media, review sites, and Google search results.
• More than 80% of the US population, or around 268 million people, shop online. When asked how they prefer to shop, 55.6% of US consumers said they prefer online shopping over visiting physical stores.
• Entrepreneurial Statistics stated that nearly 86% of small business owners say technology helped them stay afloat during the pandemic.
• Using digital tools allows businesses to automate tasks and become more efficient.
• Businesses that use more than six digital tools report higher sales, profits, and more employees.
• Entrepreneurial Statistics stated that almost 56% of businesses are already starting to use AI, and 83% of business owners plan to continue investing in technology, with 63% planning to use AI and virtual reality in the future.

Challenges for Entrepreneurs’ Statistics

• Around 1 in 4 women report facing gender discrimination and bias when starting their businesses. This includes working harder for the same results or not being taken seriously compared to men.
• Entrepreneurial Statistics stated that almost 39% of entrepreneurs over 55 mentioned that accessing healthcare and benefits was difficult. This issue also affected 21% of entrepreneurs under 55.
• 28% of women and 20% of men said that getting access to benefits was a barrier to starting their own business.
• 32% of people reported that dealing with irregular income and cash flow was a challenge in starting their business, according to FreshBooks’ 2021 Report.
• 28% of aspiring business owners worried about having lower income when launching their business.
• Entrepreneurial Statistics stated that nearly 25% of future business owners said that not having a clear business plan was a challenge for them.
• 30% of entrepreneurs from minority groups said that paying off debt made it harder to start their businesses.

Global Entrepreneur Rate Statistics

Entrepreneurship rates can be different across regions, depending on factors like the economy, politics, and cultural views on risk and new ideas. Here’s how it varies around the world:

• In places like Latin America and sub-Saharan Africa, many people start businesses out of necessity because there aren’t enough formal jobs.
• Entrepreneurial Statistics stated that these regions have the highest rate of new businesses being started as people look for ways to make money.
• In North America and Europe, entrepreneurship rates are lower because stable jobs are easier to find. But when people do start businesses, it’s usually because of opportunity, looking for ways to innovate or fill gaps in the market, rather than because they have no other options.
• Countries like the S., Canada, and some Western European nations have policies that support entrepreneurs. These countries offer things like financial help, business incentives, and venture capital, which make it easier for people to start and grow businesses.
• In countries that face political or economic problems, such as some Middle Eastern countries, entrepreneurship is lower. The risks involved and lack of investor trust can make it harder to start and grow a business.
• In Japan, the culture tends to value long-term, secure jobs, which leads to fewer entrepreneurs. On the other hand, countries like the US and Israel have a culture that encourages innovation and taking risks, so people are more likely to start businesses.

Conclusion

To sum up, Entrepreneurial Statistics show that starting a business is influenced by various factors, including economic conditions, cultural views, and government support. While developing regions lead to starting businesses out of necessity, more stable economies focus on innovation and seizing opportunities. Countries with supportive policies help entrepreneurs thrive, leading to more growth and job creation.

The increase in small businesses and self-employment proves that flexibility, resilience, and a desire to innovate are essential in today’s global economy.