With the current state of the economy making it difficult for many Americans to find traditional employment, some have instead turned to entrepreneurship. Many Americans have always dreamed of starting their own businesses, but few actually make it happen. How many currently have plans to jump into entrepreneurship in the future, and how many have already taken the plunge?
In Ask Your Target Market’s latest survey, 14% of respondents said that they currently own a business. Another 23% said that they have started businesses in the past. And 64% said that they have never started a business. Male respondents were 5% more likely to say they have started businesses. And those respondents who have at least a 4-year college degree were 9% more likely to say that they currently own a business.
Of those who haven’t ever started a business, 20% said that they would definitely like to. Another 35% said that they have thought about starting a business in the past. And 45% of non-entrepreneurs said that they have never even considered the idea of starting a business. Respondents under 25 were 6% more likely to say that they would definitely still like to start a business someday.
But more specifically, just 12% of overall respondents said that they definitely have plans to start a business in the future. Another 27% said that they would probably plan on starting a business in the future. 41% said that they probably won’t ever start a business. And 21% said that they definitely won’t ever start a business. Of those who have already started a business, 21% said they definitely plan to start another one, and 32% said they will probably start another business in the future.
You can view the complete survey results in the widget below and be sure to click “Open Full Report” to take advantage of all the chart and filter options.
What do you want to know? If you need some consumer insights on a particular topic, let us know in the comments below and we’ll consider it for an upcoming survey post.
Results were collected on April 10 via AYTM’s online survey panel.