Entrepreneurship is almost always on the rise, and recent data reveals there’s good and bad news—all of which is important to know in supporting your entrepreneurial endeavors. We’ve divided these key entrepreneurship stats into seven overall categories to help guide your current and future entrepreneurial decisions. General Entrepreneurship Statistics 1. There are over 98,000 entrepreneurs…
Statistics
5 Best & Worst States for Landlords in 2024
To be a successful rental investor and landlord, you need to purchase properties in locations that build equity, yield a positive cash flow, and have long-term profitability. To determine the best and worst states for landlords, we looked at many contributing factors, like the cost of living index, rent-to-price ratio, average monthly rent, vacancy rate,…
14 Call Center Metrics Statistics to Know in 2024
The state of the call center in 2024 is all about the increasing expectations for a seamless customer service experience. Companies are putting more emphasis on customer satisfaction (CSAT), improving agent efficiency metrics, and driving deeper customer insights. To help you redefine your call center strategy, here are 14 statistics exploring call center metrics on…
Self-Checkout Statistics: Theft and Customer Sentiments
Self-checkout has become a common part of the shopping experience, adopted to create a more convenient, sanitary, and quick checkout solution for customers. The technology has been widely adopted and used, but there is a dark side to this new shopping innovation: self-checkout theft. In this article, we will take a deep dive into self-checkout…
16 Impulse Buying Statistics Retailers Should Know
Impulse buyers—customers that make unplanned or spontaneous purchases—are among the types of shoppers you’ll encounter as a small business owner. Impulse buyers’ needs and motivations might seem tricky to predict, but they are a profitable demographic to tap into. A commonly cited statistic estimates impulse buying comprises 40% to 80% of all purchases. Familiarizing yourself…
16 Critical Small Business Advertising Statistics (+ Why They Matter)
When entrepreneurs start a new company, one of the first things they’ll have to consider is the kinds of advertising they’ll need to employ. Issues you might consider include how much you should spend, competitor advertising, and where to spend it. Small business advertising statistics can provide guidance and inspiration. Crafting a strategy to get…
20 Chargeback Statistics to Know in 2024
A chargeback is the reversal of funds to a customer after they dispute a transaction. While chargebacks exist to protect consumers, they can mean penalties and potential revenue loss for merchants. Another growing concern is chargeback fraud, or when a cardholder makes an illegitimate chargeback claim on a purchase. In 2023, chargebacks and chargeback fraud…
33 Retail Theft & Shoplifting Statistics for 2024
Starting a retail business comes with a lot of opportunity—but also a lot of risk. One of those risks is shoplifting, or the act of stealing goods from a retail store without paying for them. It typically involves a person taking items from a store without the store’s knowledge or consent. Shoplifting is considered a…