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Entrepreneurship

Entrepreneurship

CFED’s focus on entrepreneurship—and particularly microbusinesses—is driven by its potential for generating economic empowerment, inclusion and growth at both macro- and micro-economic levels: small businesses play a critical role in both the growth and sustainability of the nation’s economy and individuals’ household financial security.

Entrepreneurs create jobs for themselves, and, in many cases, for others, while contributing to community- and nation-wide economic activity and resilience that drive overall macroeconomic performance. At the individual level, entrepreneurs are able to build their own household financial security both at present and in future generations by generating income that leads to improved stability, self-sufficiency, economic mobility and wealth. Though small business ownership is the second greatest source of household wealth after home equity in the United States, many business owners still remain financially vulnerable, struggling to make ends meet along the way or build wealth over time.

Why focus on microbusiness? Microbusinesses—businesses with five or fewer employees including the owner—represent the overwhelming majority of businesses, large and small, in the United States: microbusinesses account for approximately 92% of all businesses and 26 million jobs. We know that today, many businesses are staying very small and more vulnerable people are starting businesses. In the wake of the Great Recession, for instance, many business owners are left more vulnerable by poor economic conditions, uncertainty and credit constraints. Microbusiness ownership can be an especially significant source of income and wealth for demographic groups that are more likely to face additional economic challenges.

CFED’s current portfolio of entrepreneurship work focuses on informing, discovering and testing scalable product, program or policy strategies for addressing microbusiness owners’ greatest financial challenges.

What's New?

Research & Resources

CFED’s Resource Directory is home to all of CFED’s publications and an extensive library of the latest tools, research and resources on asset building and expanding economic opportunity developed by the field.

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Policy

Entrepreneurship

CFED's entrepreneurship policy efforts expand access to the resources that can help financially vulnerable microbusiness owners succeed, with a focus on resources that help them improve financial capability.

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Past Programs

Past Programs

Small businesses are important partners in the nation’s economic recovery and a major source of job creation, but many struggle to make ends meet. Over the years, CFED has worked with partners in the small business and asset-building fields to pilot strategies to help business owners succeed.

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Blog

Entrepreneurship

CFED's Inclusive Economy blog is the one-stop shop for the latest news and events happening at CFED, with our programs and in the Assets & Opportunity Field. Check out this page for our entrepreneurship-related posts!

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Questions? Contact us at entrepreneurship@cfed.org.

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