At a roundtable discussion with US Representatives from both Democratic and Republican parties, Amway shared the findings of its latest Global Entrepreneurship Report. US Representatives John Moolenaar (R-MI) and Darren Soto (D-FL) met with Amway leaders, small business owners, advocates and academic researchers to discuss the evolution of entrepreneurship since the pandemic.
Amway’s study sparked a conversation about the impact of the pandemic on small businesses, how policy around emerging technology could influence entrepreneurship, and the general economic landscape of the US in comparison to foreign competitors.
Key findings from the Amway Global Entrepreneurship Report include:
- 58% of people are interested in owning their own business
- 40% of people see raising capital as the greatest barrier to starting their own business
- 77% of people said they are comfortable buying products through social media, a sign that commerce is changing
“At Amway, we care deeply about entrepreneurship,” said Andrew Schmidt, Managing Director, Amway North America. “That’s because expanding American business ownership has always been part of our DNA. Our interest is also a reflection of the critical role entrepreneurship plays in the US economy as a whole. When more Americans are interested in going into business for themselves–and, importantly, feel they have the support and resources needed to take the leap–the entire economy reaps the benefits.”
