Starting a Business is Easy. Staying in Business is Hard!

Starting a Business is Easy. Staying in Business is Hard!: "Starting a Business is Easy. Staying in Business is Hard!

Let The Entrepreneurship Mastery Program make your start-up a success - by Michael Sexton

How many people start new companies every month? Who are they?

Just yesterday I was reviewing some data from The Kauffman Foundation that answers those questions, and more:
550,000 Americans start new businesses every month.

Men are two times more likely to start businesses than women are. I know so many successful women entrepreneurs, that's a shocker to me.

Hispanic Americans continue to start new businesses at a rate that outpaces all other groups. They are the heart and soul of American entrepreneurship.

African-Americans lag behind when it comes to starting new businesses. That's disturbing. But growth is picking up and one day, we'll see parity or better against other groups.

Immigrants are more likely to start businesses than native-born Americans are. They're really contributing to our economy.

But there's also one killer statistic out there, from my point of view. It comes not from Kauffman, but from the U.S. Small Business Administration and other sources . . .

At least two-thirds of new businesses fail within the first four years.

That's right, at least 366,000 of this month's 550,000 new businesses will be history by year 2010. And as I mentioned on this blog on June 27th, the reality might be even worse than that. After all, entrepreneurs are slow to report their own failures.

Will You Succeed or Fail?

If you're armed with the know-how you need, you will succeed. You can be one of the 1/3 that grows and thrives. And the good news is, that knowledge is now available as it never has been before, in one of the most powerful programs ever available..."