An American Wake-Up Call: The Impacts of Entrepreneurship on Personal Finance
Are the lines of business and personal finance blurry for entrepreneurs? Get a clear snapshot from our latest research.
The ethos of the American Dream inspires businesses everywhere. But do Americans know the risks when getting started? Here are a few of our findings:
Personal credit
Only 1 in 6 (16%) understand that closing a business credit card impacts their personal credit score if they don't have separate business credit established.
Business credit
More than 1 in 5 (21%) think they should be working to build business credit before opening a business which, in fact, isn't possible.
Retirement
More than 1 in 8 (13%) would go as far as to risk their retirement and tap into their 401K (or other retirement savings).
Our report is chock full of statistics and insights, from taking out loans to taxes. Join us in spreading the word and setting the small business community up for success.
