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Follow on Google News | What is the most entrepreneurial Demographic Group - surprise answerEntrepreneurial activity based on demographics. Where are the funding sources for your demographic group. Find out if you fall in the most prolific entrepreneurial group..
Fifty-four percent of the Millennials (Generation Y - born after January 1, 1980) in the US have an entrepreneurial interest. They have either already started a business or are thinking about it. Fourty six percent of the workforce are women and more than 50 percent of college students in the US are now females. From an entrepreneurial perspective only about 35 percent of startup business owners are women owned. This was from a study by Kaufmann group. The title of the study was called: Overcoming the Gender Gap: Women Entrepreneurs as Economic Drivers, September 2011 Who are the entrepreneurs who start a new business: 70 percent are men-owned; 30 percent are women-owned. Although there are more women than men in the US, more men tend to start businesses. 81 percent are white-owned - Aside from being the largest ethnic group, the population is more educated than the other minority groups. 9 percent are African-American- 6.6 percent are Hispanic-owned - this shows that many Hispanics are employees rather than being business owners. As a national strategy, there are huge opportunities to encourage the Hispanic population to start their own business. Especially in light of the fact that Latin American is one of the fastest growing economies in the world, the US Hispanic population could play a pivotal role. The government can encourage this sector and help them come up with good business ideas (http://www.smallbusinessgrants.net) for the Hispanic market. 4 percent are Asian-owned - this is comparable to the population percentage of this ethnic group. 5 percent are owned by Native Americans, Pacific islanders and other ethnic group not mentioned above. It is quite interesting that such a large percentage of the entrepreneurial group comes from this small minority group. Further study may be done to determine the factors that encourage this group to be entrepreneurs. Such factors may be emulated in other groups that do not have a tendency to be entrepreneurs. The Race or Ethnicity of the US population is as follows. With a population of 312 million, US is the third most populous country in the world (world population is 6.99 billion). With a high degree of urbanization (over 80%), most people live in the larger metropolitan areas. This leaves large areas of un-inhabited land. U.S. population Race / Ethnicity White 196,817,552 63.70% Black or African American Asian 14,465,124 4.70% Two or more races 5,966,481 1.90% American Indian or Alaska Native Some other race 604,265 0.20% Native Hawaiian or other Pacific Islander Hispanic or Latino End
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