BUSINESS
LendingTree | More than 1 in 5 U.S. businesses fail in their first year, according to U.S. Bureau of Labor Statistics (BLS) data. To put that into perspective, there are 36.2 million small businesses nationwide, which means hundreds of thousands of new ones are closing yearly.
SMALL BUSINESS
LendingTree | Starting a business is hard no matter who you are, but the odds aren’t evenly stacked. Women are still significantly less likely than men to own a business. And when they do, those businesses tend to be smaller. Here’s a closer look at where women-owned businesses are most common, and what those businesses look like.
SMALL BUSINESS
LendingTree | February is Black History Month, which raises awareness of the contributions of Black Americans and the inequalities they face. Those disparities extend into the business world, where Black entrepreneurs encounter significant barriers, including underrepresentation. As of 2023 — the latest available data — only 3.4% of U.S. businesses are Black-owned.
