The newest entrepreneurs are both young and old and looking to grow their wealth through their businesses.
The share of new Hispanic entrepreneurs rose from 8% in 2022 to 13% in 2023, Gusto found.
Many new entrepreneurs are open to using AI tools and hiring remote workers, per the Gusto survey.
The share of entrepreneurs who started a business while juggling another gig rose from 27% in 2022 to 44% in 2023.
The Babson report found that most US entrepreneurs, 71%, were motivated by the prospect of boosting their wealth through their businesses.
Persons:
They're, —, Ewing Marion, Luke Pardue, Babson, Entrepreneurship isn't
Organizations:
Service, Bureau of Labor Statistics, Babson College, Midwest Women, Pew Research Center, Ewing Marion Kauffman Foundation, Bureau, Kauffman Foundation, Entrepreneurs, Business Administration, Entrepreneurship
Locations:
Midwest, New Hampshire, Minnesota, Montana, Northeast, West