166317 Resource 149173 155860 149257 1176734737989 1176764067980 Controlled The Future of Small Businesses and Entrepreneurs, Part 1

New ten-year small business forecast shows increased diversity in entrepreneurs and small business owners

If you plan to be a thriving small business owner in ten years, then you’ll be interested to know that your fellow entrepreneurs will reflect a much different profile then you might be seeing today. Last month, we discussed the first part of a small business ten-year forecast that was released by Intuit. The remainder of the report has now been released, and reiterates that seasoned baby boomers, teens right out of high school, women in mid-career, “mompreneurs,” and new immigrants will be part of the most diverse pool of entrepreneurs ever. These are among the key findings in the Intuit Future of Small Business Report™, a study that looks forward 10 years and examines the prospects, influences and profiles of small business. In this series, we’ll take a look at some of the study’s additional key findings that will change the look of small businesses, and will help shape the future of the nation’s economy. Diversity is the key. The first part of the Intuit study revealed that the newest entrepreneurs will bring greater diversity than their predecessors, in terms of age, origin and gender. By 2017, white, middle-aged men who traditionally launch small businesses will be outnumbered by Generation Yers (those born after 1982), women, immigrants and baby boomers who are not retiring and are opting for entrepreneurship as a second career. The report identified three major trends: <UL> <LI>the changing face of small business <LI>the rise of personal business <LI>the emergence of entrepreneurial education</LI></UL> In the newly released segments of the report, these trends lead to five major findings, which we will discuss in the next part of this series. 10 application/xml false diversity in entrepreneurs entrepreneurs future of small businesses small business forecast small business owners small businesseses Mozilla/4.0 (compatible; MSIE 7.0; Windows NT 5.1; .NET CLR 2.0.50727; .NET CLR 3.0.04506.30; .NET CLR 1.1.4322) 127.0.0.1 127.0.0.1 cmalmstrom false true false false true 189572 false false true false false false true 149173 blog blogsite/FreedomVoice/web