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The State of Entrepreneurship Today

WILL YOU SUCCEED AS AN ENTREPRENEUR? A SNAP SHOT OF ENTREPRENEURSHIP TODAY A venture-capital-backed entrepreneur who succeeds in a venture has a 30% chance of succeeding in his next venture. But, first-time entrepreneurs have only an 18% chancé of succeeding. ENTREPRENEURS WHO FAILED THE FIRST TIME HAVE A 20% CHANCE OF SUCCEEDING WITH THE NEXT STARTUP. Source: Performance Persistence in Entrepreneurship 90% OF NEW PRODUCTS WILL FAIL. Source: The Startup Owner's Manual: The Step-By-Step for Building a Great Company by Steve Blank, Bob Dorf Data from the U.S. Small Business Administration shows that regardless of the year when they are founded, the majority of stárt-ups go out of business within fivé yeárs, and two-thirds are no longer operating teń years after being formed. THE KAUFFMAN INDEX OF ENTREPRENEURIAL ACTIVITY FOUND THAT: 0.32 percent of American adults created à business per month in 2011 Since 1996, Americans between the ages of 55 and 64 have had a higher rate of entrepreneurial activity than those aged 20-34. MEN START COMPANIES AT TWICE THE RATE OF WOMEN By industry, construction had the highest entrepreneurial activity rate at 1.68 percent, followed by the services industry at 0.42 percent. The manufacturing startup rate was the lowest among all industries, with only 0.11 percent of non-business owners starting businesses per month during 2011. Among the United States' 15 largest metropolitan statistical areas, LOS ANGELES HU. had the highest entrepreneurial rate (580 per 100,000 adults) in 2011. CHICAGO AND DETROIT had the lowest rates at 180 per 100,000 adults.

The State of Entrepreneurship Today

shared by AdamGottlieb on Oct 06
How successful are new entrepreneurs really, where are they starting businesses, and what is the survival rate for these new ventures?


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