In 2018, 38 percent of Millennials in the United States said that their biggest obstacle in creating their own business was that they don't have the financial means to. On the other hand, only nine percent said they don't know how to start a business.
Biggest obstacles Millennials face in creating their own business in the United States in 2018
Basic Account
Get to know the platform
You only have access to basic statistics.
This statistic is not included in your account.
Starter Account
The ideal entry-level account for individual users
- Instant access to 1m statistics
- Download in XLS, PDF & PNG format
- Detailed references
$149 USD / Month *
Professional Account
Full access
Business Solutions including all features.
* Prices do not include sales tax.
Other statistics that may interest you Statistics on
About the industry
10
- Premium Statistic Labor costs per unit of value added in Italy 2020, by sector
- Premium Statistic Revenue growth rate of enterprises in Italy 2017-2020, by size
- Premium Statistic Revenue growth rate of SMEs in Italy 2019-2020, by sector
- Premium Statistic Global entrepreneurship index score Indonesia 2018 by components
- Premium Statistic Business exits and exit reasons in China 2019
- Premium Statistic Argentina: CVC startup investments 2019, by region
- Premium Statistic YoY growth rate of labor costs in Italy 2015-2018, by size
- Premium Statistic Average payment delay of SMEs in Italy 2012- Q2 2019
- Premium Statistic Payment punctuality of businesses in Italy Q2 2019
- Premium Statistic Business exit reasons in Indonesia 2018
About the region
10
- Premium Statistic Number of business establishments, by age U.S. 2022
- Premium Statistic Change in small business employment due to COVID-19 U.S. 2021-2022
- Premium Statistic COVID-19 impact on small businesses in the U.S. as of April 2022
- Premium Statistic Share of small businesses requiring a negative COVID-19 test U.S. April 2022
- Premium Statistic Distribution of financial aid to small businesses due to COVID-19 U.S. April 2022
- Premium Statistic Share of small business closings due to COVID-19 U.S. 2020-2022
- Premium Statistic U.S. new entrepreneur rate 2000-2021, by gender
- Premium Statistic U.S. new entrepreneur rate 2000-2021, by race
- Premium Statistic U.S. new entrepreneur rate U.S. 2000-2021, by education
- Premium Statistic COVID-19 impact on small businesses in the U.S. wholesale trade 2021
Selected statistics
2
Other regions
10
- Premium Statistic Business exit reasons in South Korea 2018
- Premium Statistic Latin America: share of tech companies in 2017, by city
- Premium Statistic Business exit reasons in Australia 2017
- Premium Statistic Business exit reasons in Malaysia 2017
- Premium Statistic Italy: survival rate of new businesses 2010-2014, by years survived
- Premium Statistic Global entrepreneurship index score Singapore 2017, by components
- Premium Statistic Start-up survival rate of the ten leading business cities UK 2014
- Premium Statistic Gender distribution of startup founders in European countries 2018
- Premium Statistic Entrepreneurial climate index in Indonesia 2018 by components
- Premium Statistic Confidence in economic recovery after COVID-19 in China 2020
Related statistics
10
- Premium Statistic COVID-19: leading impacts on small businesses' capacity U.S. July 2021
- Premium Statistic COVID-19 impact on small businesses' operating capacity U.S. as of July 2021
- Premium Statistic COVID-19 impact on small business planned expenditures U.S. as of July 2021
- Premium Statistic Distribution of small business financial aid requests due to COVID-19 U.S. 2021
- Premium Statistic Number of export destination countries for U.S. SMEs in 2019
- Premium Statistic Positive business state evaluation by SMEs in the U.S. between 2017 and 2019
- Premium Statistic Six month business outlook of SMEs in the U.S. from 2017 to 2019
- Premium Statistic Change in SMEs employee numbers within last six months in the U.S. 2017-2019
- Premium Statistic Six month outlook on hiring by SMEs in the U.S. 2017-2019
- Premium Statistic Most important SME business challenges in the U.S. as of June 2019
Further Content: You might find this interesting as well
EY. (October 30, 2018). Biggest obstacles Millennials face in creating their own business in the United States in 2018 [Graph]. In Statista. Retrieved November 29, 2023, from https://www.statista.com/statistics/1052228/biggest-obstacles-millennials-face-creating-own-business-us/
EY. "Biggest obstacles Millennials face in creating their own business in the United States in 2018 ." Chart. October 30, 2018. Statista. Accessed November 29, 2023. https://www.statista.com/statistics/1052228/biggest-obstacles-millennials-face-creating-own-business-us/
EY. (2018). Biggest obstacles Millennials face in creating their own business in the United States in 2018 . Statista. Statista Inc.. Accessed: November 29, 2023. https://www.statista.com/statistics/1052228/biggest-obstacles-millennials-face-creating-own-business-us/
EY. "Biggest Obstacles Millennials Face in Creating Their Own Business in The United States in 2018 ." Statista, Statista Inc., 30 Oct 2018, https://www.statista.com/statistics/1052228/biggest-obstacles-millennials-face-creating-own-business-us/
EY, Biggest obstacles Millennials face in creating their own business in the United States in 2018 Statista, https://www.statista.com/statistics/1052228/biggest-obstacles-millennials-face-creating-own-business-us/ (last visited November 29, 2023)
Biggest obstacles Millennials face in creating their own business in the United States in 2018 [Graph], EY, October 30, 2018. [Online]. Available: https://www.statista.com/statistics/1052228/biggest-obstacles-millennials-face-creating-own-business-us/