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Is it YOU or your great plan?

Berkonomics

Here’s a test: Several weeks ago, we published statistics of start-up and company failures. If you read that analysis of statistics for startups and early-stage businesses, you have learned the truth that at least half of the businesses backed by professional early-stage investors will die within three years or less.

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Entrepreneurism is all about personal risk.

Berkonomics

Well, of course it is. Resources such as money, experience, statistics about your target, experienced marketing and sales talent, and especially a compelling need and attractive product are all important to the ultimate success of an enterprise. So, let’s dig a bit deeper. But the risks don’t stop there.

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7 Excuses I Don’t Want To Hear For New Owner Failure

Startup Professionals Musings

Either could improve the statistic that half of startups fail within the first five years. Of course, they may be out of money as well, but that is often more of an “excuse” than a reason. Perhaps it's time to reset your course to focus on business basics, so you can lighten your load. So why do most startups fail?

Startup 135
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6 Keys To Predicting The Performance Of Your Business

Startup Professionals Musings

Of course, if you consistently override the data, or use it negatively, you will not garner trust. An acceptable measurement error is really a statistical calculation, rather than an arbitrary dictate from management. Use statistical tools often to validate your assumptions. Define an acceptable level of measurement error.

Metrics 81
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6 New Venture Realities To Target Your Funding Effort

Startup Professionals Musings

Of course, both are impressive, but still small compared to over $300 billion from VC investments annually. Small business statistics have long shown that the failure rate for startups within the first 5 years is higher close to 90 percent. They will need more money.

Funding 144
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8 Tactics To Highlight Your Startup For Early Funding

Startup Professionals Musings

Yet surprisingly, according to statistics on the Fundable crowdfunding site, friends and family are the major funding source for entrepreneurs, investing over $60 billion in new ventures per year, almost triple the amount coming from venture capital sources.

Startup 109
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7 Advantages That Local Small Business Owners Enjoy

Startup Professionals Musings

According to recent statistics from the Small Business Administration (SBA), this approach still accounts for 99 percent the businesses out there today. Let business success be your definition of satisfaction and happiness, rather than some arbitrary monetary statistic. Marty Zwilling First published on Inc.com on 10/23/2020.