The U.S. States Where Small Businesses Thrive, Grow Rapidly | Entrepreneur
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from Entrepreneur2 months ago
In 2024, the U.S. is witnessing a surge in entrepreneurship, with an average of 430,000 new business applications per month, a remarkable 50% increase from 2019.
Entrepreneurhttps://www.entrepreneur.com/starting-a-business/the-us-states-where-small-businesses-thrive-grow-rapidly/483908
More than 40% of entrepreneurs are chasing their passions, while nearly 30% are drawn to the flexibility and autonomy of being their own boss, according to SCORE.
Entrepreneurhttps://www.entrepreneur.com/starting-a-business/the-us-states-where-small-businesses-thrive-grow-rapidly/483908
Despite small businesses employing nearly half of the U.S. workforce and constituting 43.5% of the GDP, about 50% of them fail within the first five years.
Entrepreneurhttps://www.entrepreneur.com/starting-a-business/the-us-states-where-small-businesses-thrive-grow-rapidly/483908
Idaho has emerged as the state with the fastest-growing number of small businesses, experiencing a remarkable 6.55% increase year over year, according to OnDeck's analysis.
Entrepreneurhttps://www.entrepreneur.com/starting-a-business/the-us-states-where-small-businesses-thrive-grow-rapidly/483908
Read at Entrepreneur
#entrepreneurship #business-growth #small-businesses #us-economy #business-trends
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