[Infograph] Diversity in Entrepreneurship

Lance Surety Bonds’s infograph explains the breakdown of entrepreneurs in the US. There are a lot of great nuggets in the photo, but I want to highlight a few of the more interesting facts.

1. For starters, approximently 550,000 new businesses open up each month
2. Men start 59.4% of new businesses, while women create 40.6%
3. African American women lead in rate of women starting new businesses followed by Asian American women. Non-minority women start the fewest in terms of rate
4. 50.8% of people start a new business between the ages of 35 and 54
5. Interestingly enough High School graduates are more like to start a business (27%) then college dropouts (26%). College graduates are the most likely to start a business (32.7%)
6. Immigrants start 27.5% of businesses
7. Latinos make up 20.8% of business owners. This number has doubled in just 20 years
8. Almost 50% (45% to be exact) of businesses last 5 years
9. The top industries for business in terms of survival rate include finance, insurance, and real estate. The lowest is the information industry
10. The top states for business are California, Texas, New York, North Carolina, Arizona, and Colorado

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