The
survey of business owners conducted by the Census Bureau is one of the
most comprehensive surveys conducted in the national business community.
This is because the survey uses a large number of key variables to
identify specific trends and also track business owners by specific
groups, categories and demographics.
The
most recent survey results have shown that there has been noticeable
shifts in business trends among different ethnic groups and genders.
This includes the growing number of women who are launching their own
businesses. The number of women launching their own business began
significantly growing during the 1980's, then slowed down somewhat in
the early 2000's, and now the number of women owned businesses is
growing again. In earlier times most women started a business by choice,
now many are doing it because they have no choice. This particularly
includes women over the age of 50 who have experienced unexpected
layoffs over the past five years.
There
has also been a growing number of Hispanic businesses being launched
due to the growing number of Hispanic immigrants relocating to this
country.
Now let's look at some of the key variables used to conduct this survey.
The
first set of variables include gender, ethnicity, race, and veteran
status. The standard ethnic groups used in this survey are American
Indian, Asian, Black or African-American, Native Hawaiian, Non-Hispanic
White Men and Other Pacific Islander. The second set of variables
includes businesses that are owned by a minority group or a woman.
The
third set of variables involves a sampling of specific statistics based
on racial distributions for various state-industry classes and racial
distributions for various zipcodes. In addition there is also
administrative data gathered from the Social Security Administration.
Then
there are “subgroup” categories consisting of business owners who
report being of two or more races. These business owners may be included
in two or more surveys because their dual race status qualifies them
for multiple survey categories. Some of the other information contained
in these surveys include gross sales and receipts, annual payroll
amounts, statistical data, and also a category for employer and
non-employer firms.
The
survey also covers a wide range of fields and industries such as rail
transportation, postal service, public administration, scheduled air
passenger transportation, crop and animal production, private
households, and grant making and religious organizations.
It
should also be noted that the statistical results and data reports from
the Census Bureau Survey of Business Owners is frequently used by
economic and social analysts, industry organization leaders, business
entrepreneurs and various government organizations.
To learn more about the Census Bureau Survey of Business Owners go to http://www.census.gov/econ/sbo/about.html.
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