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Study: Most U.S. Entrepreneurs Start Their Business at Home

Start-up·Jana Kasperkevic·about 1 month ago
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When it comes to launching a small business, American entrepreneurs don't go very far. In fact, sixty-nine percent get started at home, according to the latest Global Entrepreneurship Monitor report. When we think of entrepreneurs, we think of visionaries working with a brilliant team of coders, disrupting an industry for millions of fans. That may be true of Mark Zuckerberg and Jack Dorsey, but the average American entrepreneur is far less glamorous, says Donna Kelly, a professor of entrepreneurship at Babson College. Recently, a team of researchers from Babson College and Baruch College interviewed nearly 6,000 U.S. adults as part of the 2012 Global Entreprenurship Monitor report . Most respondents were just starting out, but had taken significant strides, writing business plans and securing financing. Others had been running their businesses for less than three-and-a-half years, notes Kelley. According to the report, an increasing number of U.S.…

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