Fact Sheet: Entrepreneurs and Small Business Owners


  • 28% are college-educated (of these, 12% have completed post-graduate studies). Nearly 83% fall between the ages of 30-59.
  • 62% own homes valued at over $100,000.1
  • 10% plan to pursue a bank loan.
  • 86% have made their business more environmentally friendly, particularly in the Western U.S.
  • 36% find they are most frustrated with not having enough time.
  • 40% will purchase new technology within the next year, including computers and PCs (33%) and computer/system software or licenses (25%).2
  • 34% of total expenditures (not including payroll) will be spent on core services, such as legal and accounting.3
  • Spending on Web hosting is growing by 9.5% annually, and is expected to reach $7.4 billion by 2009, according to analyst firm IDC.
  • According to our own Blockbeta Marketing survey, nearly 30% get business information from workshops and websites.
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1 Educational Attainment and Other Characteristics of the Self-Employed: An Examination using Data from the Panel Study of Income Dynamics. Office of Advocacy Working Paper by Chad Moutray, Office of Advocacy, U.S. Small Business Administration. December 2007.

2 AMERICAN EXPRESS® SMALL BUSINESS MONITOR. Healthcare and Tax Relief Are Top Concerns in Mid-Term Elections. October 18, 2006.
3 Visa Commercial Expenditure Index Small Business Spending; Forecast for 2008.