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Entrepreneurism is all about personal risk.

Berkonomics

Here’s the ultimate thing about entrepreneurism. 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. The post Entrepreneurism is all about personal risk.

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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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What are the odds of your startup’s success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. We have years of real data to call upon: data that impacts both investors and entrepreneurs. Bureau of Labor Statistics states that 50% of all businesses survive five years or more, and about one-third survive ten years or more. And risky too.

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Have you heard the rule of the thirds?

Berkonomics

Think of startups and early stage businesses whose entrepreneurs you know. Nearly none, if statistics and experience are key to the answer. One: The entrepreneur. First, there is the entrepreneur , the visionary, and force behind the venture from start to finish. Two: Co-management.

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Startups: What are your odds for success?

Berkonomics

Well, the numbers don’t lie, even if there are several sources of these statistics. We have years of real data to call upon: data that impacts both investors and entrepreneurs. Bureau of Labor Statistics states that 50% of all businesses survive five years or more, and about one-third survive ten years or more. And risky too.

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Which is more important: Management quality or a better plan?

Berkonomics

If you read last week’s 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. None of this is to say that an inexperienced entrepreneur cannot lead a great new business.

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As An Entrepreneur, Are You Ready To Meet The Press?

Startup Professionals Musings

Most entrepreneurs I know admit to a poor first media interaction, and many are still waiting for the instant replay. Message supports are stories, statistics, and sound bites that reinforce your message. These days the media formats range from email, phone, radio, television, to social media. Both need to be clear and direct.

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