There are 582 million entrepreneurs in the world.46% of small business entrepreneurs are between the ages of 41 and 56.The number one reason why businesses fail is there’s no market need.In 2016, there were 25 million Americans who were starting or already running their own business.
90% of new American billionaires are self-made. To start things off, we’ve chosen some of the most interesting stats on the web. Successful businesses are usually started by middle-aged men and women who have experience and want to apply it in their field. Studies have also shown that this is not a young man’s game, despite what the public believes. For many, entrepreneurship is a great career choice that allows for a better work/life balance and more income. With such a promising startup environment, it’s no wonder a lot of people are choosing this path over being a traditional employee. It is necessary to understand that the entrepreneurship failure rate has never been lower, with only 20% of businesses closing after a year. Finding high-quality staff is no easy task, which is why many owners decide to go it alone, at least for a while. However, loans also help them expand their business and achieve more within their industries. Indeed, a large number of business owners rely on loans to keep the company operational and often have to use their personal funds to tie some loose ends. Now, young entrepreneurs are mostly concerned about the risks that come with new businesses, including funding, staff, and success rate. There are a lot of inspirational entrepreneur statistics out there that show us the US is still the best place in the world to become your own boss and start something new. Not only do they immensely contribute to the overall revenue of a country, but they also have a beneficial effect on the workers themselves.Įmployees who decide to make the switch and become independent employers feel more fulfilled and motivated to work. Small businesses and ambitious enterprises are at the heart of every industry. 
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