businesses

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In 2012, 9.1 percent of U.S. business owners were veterans. Veteran owned businesses numbered 3.7 million in 2007, with average receipts of $450,000.

In 2012, nearly 15 percent of all U.S. business owners were non-white , and over 10 percent of owners were Hispanic. Data for 2007 on the number of businesses show:

• 1.6 million Asian-owned businesses with average receipts of $290,000
• 1.9 million African-American-owned businesses with average receipts of $50,000
• 2.3 million Hispanic-owned businesses with average receipts of $120,000
• 0.3 million Native American/Pacific Islander-owned businesses with average receipts of $120,000.

About 10 to 12 percent of firms with employees open each year and about 10 to 12 percent close. Employer firm births and deaths were up in the most recently available data. Establishment birth figures from 2012 also showed gains. Non employer firms have turnover rates three times as high as employer firms, mostly because it is easier for non employers to start and stop as they tend to be smaller than employer firms. Business bankruptcies numbered 33,212 in 2013, a decline of about 7,000 over the previous year. Note that not all firm deaths are business bankruptcies and many business owners file personal bankruptcy instead of business bankruptcy.