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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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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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6 Ways To Get Credible Data To Support A New Venture

Startup Professionals Musings

Many entrepreneurs are so enamored with their product vision that they believe their own hype and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. Successful entrepreneurs get the job done quickly, without breaking the bank.

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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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6 Keys To Sizing Your Market For A New Business Plan

Startup Professionals Musings

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. Successful entrepreneurs get the job done quickly, without breaking the bank.

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4 Key Components Of Every New Business Financial Plan

Startup Professionals Musings

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Forecast sales-volume expectations. This should always be a “bottoms-up” commitment from your sales team, not your own optimistic guess.

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Insights and Opinions: If It Walks Like An Entrepreneur.

socalTECH

What is an entrepreneur? I learned that based on my selling statistics (which were good, but not great), every non-sale got me 1/15th of the way toward a sale. I learned that based on my selling statistics (which were good, but not great), every non-sale got me 1/15th of the way toward a sale.