The Long Term Shift in Business Applications to Solopreneurs
Small Business Labs
FEBRUARY 9, 2021
In the early 2000s, about 60% of all new business applications were from businesses planning on having employees. The other 40% were from solopreneurs who did not plan to hire employees. But as the chart below shows (click to enlarge), by 2015, 57% of new applications were from solopreneurs (orange in the chart). And in 2020, 66% of new business applications were from solopreneurs.
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