The Surprising Demographics of Small Business Owners
Small Business Labs
JUNE 21, 2016
Because of the extensive media coverage of young tech entrepreneurs, most people think the average small business owner is a 20 something techie who needs a shower. But as the chart below shows, the median American small business owner is a bit over 50 years old. The chart is from Babson College's State of Small Business in 2016 study. It's a comprehensive, 40 page report covering a variety of small business issues.