The faces of entrepreneurs are increasingly multihued. Online marketplace BizBuySell.com polled more than 2,000 prospective buyers and sellers of businesses, and discovered that 74% of buyers were Caucasian, down from 78% a year earlier; Asians represented 12%, double a year ago. Why? As a route to self-betterment, entrepreneurs are seeking new investments and self-employment. Minority would-be buyers are younger, too: More than 50% of African-American, Hispanic and Asian buyers are 30 to 49 years old, and minorities also dominate potential buyers 18 to 29. Broad diversity may take a generation or more, but the trend is clear. Says Bob House, the BizBuySell general manager who oversaw the study, "When it comes time to sell, more and more minority owners will likely sell to peers."
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