Starting Your Own Business ? Hints & Tips Entrepreneurial Advice Suzie's Blogs ...

What role do women, minority, and veteran entrepreneurs play in the economy? Women owned 5.4 million businesses that generated $819 billion in revenues, employed more than 7 million workers, and had nearly $150 billion in payroll in 1997. About three-quarters were sole proprietorships with receipts under $50,000. Of U.S. firms in 1997, 5.8 percent were owned by Hispanic Americans, 4.4 percent by Asian Americans, 4.0 percent by African Americans, and 0.9 percent by American Indians. Of total minority-owned business receipts, Asian American-owned businesses earned more than 51 percent; Hispanic Americans, 31 percent; African Americans, 12 percent; and American Indians, 6 percent. Veteran self-employed people numbered about 1.6 million or 14 percent of all U.S. self-employed in 2001. See More Great Business Related Articles See you later. Suzie Posted: Saturday 4th June 2005, 12:32 AM

Back to the Business Startups Advice Blog