2019 Trends for Aspiring Entrepreneurs

June 14, 2019

LendingClub surveyed more than 2,700 small business owners with our partner, Guidant Financial, to discover how aspiring small business owners are pursuing their small business dreams.

Key findings include:

  • More baby boomers aspire to open their own businesses this year at 51 percent, while fewer millennials do at 19 percent—a 28 percent decrease from last year
  • Aspiring entrepreneurs expressed more moderate levels of confidence in the state of small business this year, with the share of those answering nine or 10 (10 being the most confident) dropping 13 percent
  • 37 percent of aspiring entrepreneurs are motivated to be their own boss compared to 26 percent of current entrepreneurs

The infographic below details our key findings from surveying aspiring small business owners:

To learn more about who aspiring small business owners are and what’s driving them, please download our white paper here.

If you’re a business owner looking for capital to invest in your business, we encourage you to consider a business loan through LendingClub. It takes just a few minutes to get a quote, there’s no cost, and no impact to your credit score to apply.

You May Also Like

4 min read

Investor Update: Looking Ahead

As the macroeconomy transitions from deep freeze into thaw, we are currently seeing signs of unemployment and market recovery…

READ MORE
4 min read

5 Tips to Keep Your Small Business Afloat During Coronavirus

The COVID-19 outbreak and governments’ responses are hitting small businesses particularly hard. Many businesses have been forced to close…

READ MORE
4 min read

All the Financial Assistance Options for Small Businesses During COVID-19

COVID-19 has created an unprecedented burden for small businesses around the world. As America’s largest online credit marketplace, we…

READ MORE