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The Statistics of Start-Ups

Not everyone can own Microsoft. I mean people can buy shares but for the purposes of this article and this little introduction, know it is impossible forever. Big Business dominates the news and everyone cares whether or not their favourite retailer or conglomerate will tank or remain in profit so little thought is spared for small Business Owners and it turns out not many people know a lot. So here I am, messenger extraordinaire getting the word out packaged as some bite-sized content. Right, did you know that more than 50 per cent of start-ups will fail within the first four years? Always good to get the bad news out the way first. The good news, however, is that 46% of those failures are down to staff incompetence! Okay stay with me here, no, it’s not great but after your first failure, you are 30% more likely to succeed with a second venture, statistical evidence that learning to fail is a key component of success. Some interesting figures on the demographics of business owners are: 51% of small business owners are 50-88 years old, 33% are 35-49 and only 16% are younger than 35. So give yourself a pat on ...

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The Statistics of Start-Ups

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