{"id":4580,"date":"2018-08-16T20:52:19","date_gmt":"2018-08-16T20:52:19","guid":{"rendered":"https:\/\/www.comparably.com\/blog\/?p=4580"},"modified":"2019-01-16T23:29:31","modified_gmt":"2019-01-16T23:29:31","slug":"the-top-cities-for-wantrepreneurs","status":"publish","type":"post","link":"https:\/\/www.comparably.com\/blog\/the-top-cities-for-wantrepreneurs\/","title":{"rendered":"Study: The Top Cities for ‘Wantrepreneurs’"},"content":{"rendered":"

Entrepreneurship is cooler than ever. At least that’s how millennials and Generation Z feel about it.<\/p>\n

The latest reading of an ongoing survey<\/a> by Comparably shows that people aged 18 to 35 are most keen on starting a business, preferably in the next five years (40%). The rate declined from there, hitting a low of 22% among workers 51 to 55.\u00a0 More than 10,000 people across the tech industry participated in the study.<\/p>\n

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But perhaps even more interesting is the breakdown by city. The survey showed that 39% of\u00a0respondents in Los Angeles<\/b> want to start a business in the next five years, the highest rate of the group. New York<\/b> was close behind at 38%, followed next by Dallas<\/b> (36%), San Francisco<\/b> (35%), and Houston<\/b> (35%).<\/p>\n

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The city with the smallest percentage of workers who want to start a business in the next five years was Minneapolis, at 24%. San Diego\u00a0and Chicago also showed lower rates, at 26%.<\/p>\n

The reality is that even if people want to start a business, it’s not something many take on — especially not millennials. Data from the Kauffman Center<\/a> shows that the average age for most entrepreneurs is closer to 40 than 20.<\/p>\n

Other factoids from Comparably’s study include the following:<\/p>\n

African-Americans have more desire to start a business in the next five years than any other ethnic group (46%). Caucasians have the lowest (27%).<\/p>\n

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People in executive roles, design, and business development have the highest percentage of wanting to start a business. People in legal, HR, IT and operations have the lowest.<\/p>\n

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People with their Master’s or Doctorate degree are most eager to start a business in the next five years. People with their Bachelor’s or Associate’s are least eager to start a business in the next five years.<\/p>\n

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The\u00a0results of the survey are as of Aug. 16, 2018.<\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurship is cooler than ever. At least that’s how millennials and Generation Z feel about it. The latest reading of an ongoing survey by Comparably shows that people aged 18 to 35 are most keen on starting a business, preferably in the next five years (40%). The rate declined from there, hitting a low of … Read full-story <\/i><\/a><\/p>\n","protected":false},"author":9,"featured_media":4588,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,65],"tags":[96,76],"_links":{"self":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts\/4580"}],"collection":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/comments?post=4580"}],"version-history":[{"count":8,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts\/4580\/revisions"}],"predecessor-version":[{"id":6401,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/posts\/4580\/revisions\/6401"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/media\/4588"}],"wp:attachment":[{"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/media?parent=4580"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/categories?post=4580"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.comparably.com\/blog\/wp-json\/wp\/v2\/tags?post=4580"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}