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A large number of Latino workers in the US are considering starting new businesses.
If this were to come true, the industries that would see the fastest growth in Latino-owned businesses would be retail, food service, and construction.
Many of them have big plans. For instance, 66% of them intend to hire employees or contractors. Three out of five wish to build dynamic businesses that continue to grow year after year and 81% of them admit that they are great thinkers by nature.
The number one reason Latino entrepreneurs would like to start businesses is the rising cost of living. Another important motivation is their desire to be their own boss. Some of them think that the lack of other opportunities has led them to want to have their own business which would allow them to make better use of their skills.
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