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60 Stats to Know About Entrepreneurship in 2020


As 2019 came to a close, entrepreneurs and small business owners held a strong sense of optimism.

In fact, 82% of small business owners surveyed in the Bank of America Small Business Owner Snapshot expected to end 2019 bringing in more revenue than the year before. When picturing the year ahead, 69% of respondents said they expected to expand their businesses, and 59% expected increased revenue for 2020.

While those ambitions may have been realized for some, the events of 2020 have presented unique challenges for small business owners. Though the future of entrepreneurship feels uncertain, there are also remarkable opportunities to continue evolving the way business owners create, buy, and sell products.

Here are some key statistics to know about the state of entrepreneurship in 2020.

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