Keith Hall, President and CEO of the National Association for the Self-Employed
2008 Kevin Brown, Photographer
From gig workers to solo entrepreneurs, self-employed individuals make up the overwhelming majority of businesses in the U.S. economy. To give you a little perspective, small businesses comprise 99.9% of businesses in the United States. Of those small businesses, 79.7% are self-employed. According to the most recent U.S. Census data, self-employed businesses are also growing at an average rate of 3.3%, which is at least six times higher than all other types of businesses.
Sadly, the Covid-19 pandemic has hit the most vulnerable businesses the hardest financially and while self-employed businesses can be nimble, they also have very little protection. Today, 43% of self-employed and micro-business owners say they are experiencing their worst economic downturn ever. Unlike other businesses, most self-employed individuals have difficulty obtaining financing through traditional lenders, with about half using credit cards regularly to manage their business expenses.
As President and CEO of the National Association for the Self-Employed (NASE), Keith Hall oversees the country’s leading resource for the self-employed. Since 1981, the NASE has provided benefits to support entrepreneurs and drive their growth. Keith began his career as an accountant for KPMG and has worked with and on behalf of the NASE since 1991. Even with his leadership duties with the NASE, he continues to help NASE members directly with tax and financial questions on a daily basis.
I recently spoke with Keith about the growth of self-employed