Among NFTE alumni respondents who launched businesses, 47 percent had a business open in the past year, 65 percent of open businesses were profitable, and 52 percent employed at least one other person¶
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Evidence · 1 study · associationalr1·q2
Currency · newest study 2017 · not yet checked against its sources · not reviewed by a person
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q2 i? Of the 484 respondents who launched a business, 47 percent had a business open in the past year, 65 percent of those businesses were profitable, and 52 percent employed at least one individual other than themselves. → Nakamoto 2017
Evidence¶
Nakamoto 2017¶
Nakamoto, J. & Rice, J. (2017). Network for Teaching Entrepreneurship (NFTE) 2016 Alumni Survey Findings. San Francisco, CA: WestEd. https://eric.ed.gov/?id=ED582976
q2 · i? · associational · r1
Descriptive survey analysis of business outcomes among launching respondents. The report adds that half of respondents with profitable businesses had net incomes below $5,000, while 20 percent reported net incomes exceeding $25,000.
"Of the 484 survey respondents who launched a business, nearly half (47 percent) indicated they had a business open in the past year. Additionally, 65 percent of the businesses that were open in the past year were profitable according to the respondents."
Discussion¶
Related Claims¶
- 89 percent of NFTE alumni survey respondents reported NFTE contributed to their knowledge, skills, and/or personal development, with top areas aligning with entrepreneurial mindset domains — related
- One-quarter of NFTE alumni respondents launched a business, with launch rates varying by program (over 42 percent for BizCamp and Startup Summer versus 16 percent for a single course) — related
- The self-employment rate among employed NFTE alumni respondents (16 percent) was higher than the national rate of 6 percent for young adults ages 25–34 — related
- Startup Summer participants launched businesses at much higher rates (71 percent) than other alumni respondents (24 percent) — related
- A majority of NFTE alumni respondents were attending or had finished college, and 91 percent of college finishers completed a four-year degree or higher — related
- Review reports Bolashak scholarship alumni had above-95% employment but very few became entrepreneurs despite desire to start businesses — related
Page metadata
| Field | Value |
|---|---|
type |
claim |
id |
nfte-alumni-businesses-profitable-and-employing-others |
title |
Among NFTE alumni respondents who launched businesses, 47 percent had a business open in the past year, 65 percent of open businesses were profitable, and 52 percent employed at least one other person |
description |
Among NFTE alumni respondents who launched businesses, 47 percent had a business open in the past year, 65 percent of open businesses were profitable, and 52 percent employed at least one other person |
status |
review |
evidence_strength |
moderate |
newest_evidence |
2017 |
generated |
by process:wiki-ingest on 2026-10-09 |
trust |
unverified — no one has confirmed this page's content |
sources |
1 — nakamoto-2017 |
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