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He contrasts these statistics with the failure rates for traditional small businesses, using the Small Business Administration’s statistics for 2008 that found that 44% of small businesses survive at least four years and 31% at least seven years, and 39% of businesses are profitable over the life of the small business. Only 64% of small businesses fail in 10 years.
Entrepreneurs are a rare breed. There are countless people in the world who have a business, or a plan, or an idea that they want to implement and make into a reality. However, there are so few people that actually take their visions and make them into something that can actually be molded and shaped into a business or empire. After all, isn’t an empire what all of us are dreaming of? Businesses simply make you money and if you’re successful, money will eventual start to become cheap. It’s influence and change that we’re looking for, the power to have a community that can change the world in a better way. So what’s stopping all of these would-be entrepreneurs in the world?
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