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Wait. Back up. Felons start businesses?
Yes, they do! Starting a business a terrific way to wipe the slate clean and start over. No one needs to know the business owner has a criminal record. But there’s no way to guarantee a funding provider won't conduct a background check either.
WASHINGTON, Nov. 14, 2019 /PRNewswire/ -- Small businesses keep money on Main Street, according to statistics gathered by SCORE, mentors to America's small businesses, in honor of National Entrepreneurship Month. Of every dollar spent at a small business, 67 cents remain in the local community.
It’s entirely possible to start a business after age 50.
You might think that young entrepreneurs have a leg up on the middle-aged. In fact, the fastest-growing startups had founders with a mean age of 45, according to the National Bureau of Economic Research.
A leaf starts as a bud, swells, billows, then dries yellow or red like traffic light warnings, then drifts down, molds into the earth, mother’s milk for a new plant.
Many people, as they drift downward, close the shades, watch TV, and wait. But some people, even those clearly in decline, may want to do more, especially something that will enhance their legacy.
Might any of these ideas intrigue you?
According to the latest U.S. Census Bureau’s survey of small business owners, there are 2.52 million veteran majority-owned businesses in the U.S. The data comes from a report by the U.S. Small Business Administration’s Office of Advocacy (PDF) which shows 99.9% of these businesses are classified as small businesses. This is not to say these businesses don’t contribute to the economy in a big way. In the same report the, SBA reveals veteran owned small businesses employ more than 5 million people in the U.S.