A recent survey by Stanford University found that Latinos are starting businesses at a faster rate than all other demographic groups. In fact, over the last decade, the number of Latino business owners grew 34% compared to the 1% for all other business owners.

There are more than 4.6 million Hispanic-owned businesses in the United States, according to the Hispanic Small Business Report. Despite these figures, most Latino-owned businesses remain small, with 98% reporting less than $1 million in revenue per year.

This guide from Bankrate shares personal experiences from Latino entrepreneurs and explains how to get started if you’re interested in starting your own business.

 

Read the full article at Bankrate.com.