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Entrepreneurism is all about personal risk.

Berkonomics

The same is true about marketing. 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.

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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. What are you on about? Anyone with a great deal of experience in dealing with numbers knows to be careful about the seduction of them. He must have been about 24. People throw them around at cocktail parties.

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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. But… I read several years ago that the average startup restaurant lasts only about a year. We have years of real data to call upon: data that impacts both investors and entrepreneurs. How about the early-stage investors? And risky too.

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5 Tips For New Entrepreneurs Needing Investor Funding

Startup Professionals Musings

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. For aspiring entrepreneurs, or if your last startup failed, it’s all about standing out above the crowd of others like you, and demonstrating your readiness.

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10 Self-Assessment Checks For Aspiring Entrepreneurs

Startup Professionals Musings

Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like the classic book “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required. Be honest about your relationship with money. An MBA or other academic credentials just don’t do it.

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6 Reasons To Ease Into The Entrepreneur Startup Dream

Startup Professionals Musings

There has long been a big debate about the best approach to starting a new business. On the other hand, I just finished a classic book, “ The 10% Entrepreneur: Live Your Startup Dream Without Quitting Your Day Job ,” by Patrick J. The early entrepreneur lifestyle is not much fun.

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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. I read several years ago, that the average startup restaurant lasts only about a year. We have years of real data to call upon: data that impacts both investors and entrepreneurs. Entrepreneurs will always start new enterprises.

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