• Business News
  • Business Wisdom
  • Interviews
  • Community
  • Tech & Business
  • Economy
  • Login
ValiantCEO
  • Home
  • Interviews
  • Business Wisdom
  • Tech & Business
  • Business News
  • Economy
  • Community
No Result
View All Result
ValiantCEO
No Result
View All Result
valiant
No Result
View All Result

11 Entrepreneurship Facts That Could Drastically Improve Your Life

Christina Garibay by Christina Garibay
May 18, 2021
in Uncategorized
0 0
11 Entrepreneurship Facts That Could Drastically Improve Your Life

If you are new to the world of entrepreneurship and have not yet come across any entrepreneurship facts, then you have most certainly been missing out on something that could drastically improve your life. Many people look at entrepreneurship with the common misconception that it is all about building the biggest business known to man, regardless of its potential niches or aspects. In actuality, entrepreneurship is both extraction or creation of value from things existing. With that definition in mind, entrepreneurship has often been seen as risky change, usually involving high risk beyond what is typically encountered in just starting a business.

10 Entrepreneurship Facts:

62% of US billionaires are Self-Made.

One of the first entrepreneurship facts Wealth-X’s research found that only 20% of US billionaires achieved their status through inheritance and the majority are self-made. This is one reason so many young entrepreneurs strive to become a billionaire, but not everyone can have success in this endeavor: 18% acquired theirs through both luck (inheritance) and hard work.

15 million Americans are full-time self-employed

America is becoming a land of entrepreneurs. One of entrepreneurs facts is that one in five workers are ready to change their careers when they become self-employed professionals, and by 2020 there will be 27 million socially creative Americans working alongside the 9% that already have jobs as independent contractors or freelancers.

62% of adults believe entrepreneurship is a good career

Entrepreneurship is a growing trend across the world. A staggering number of people believe in entrepreneurship facts that they have what it takes to start their own business, with an astonishing 40% believing that entrepreneurship would be easy for them and 49% feeling confident in themselves as entrepreneurs.

33% of entrepreneurs have only a high-school diploma

Some other facts about entrepreneurs are that the third of all small business owners who never got past high school proves that a college degree is not always necessary. Many people don’t know this because we are constantly told to go to college by the media and our parents, but even if you can’t afford it or just aren’t interested in going after high-school there are many other options for success like starting your own company with help from friends and family members!

59% of entrepreneurs who apply for a loan use it to expand their business

When it comes to running a small business, loans play an important role in keeping firms afloat and making strides towards the future. In 2018, 43% of entrepreneurs used their funds for operating expenses while 26% needed them to refinance some other loan; this shows just how much lenders are relied on by enterprises across all sectors.

26% of entrepreneurs turn to the internet for business-related advice

The internet is a great resource for any entrepreneur. It contains up-to-date information that can help your company grow, and it lets you interact with other entrepreneurs in order to exchange ideas or find solutions. Out of those surveyed, 19% looked online first when they needed advice while 14% turned towards books as their answer provider. Meanwhile only 11% consulted family members before anyone else about the advise they needed!

11 Entrepreneurship Facts That Could Drastically Improve Your Life

 22.5% of small businesses fail in the first year

Many entrepreneurs face the difficult decision of whether or not to keep going with their company. One of the facts about entrepreneurship is that many small businesses don’t make it past 5 years, but statistics show that many more survive for at least 10 and increase in success as they get older!

62% of small businesses don’t have any staff

The workload for entrepreneurs can be a lot of work, so many choose to go solo. The same report shows entrepreneurship facts that only 10% have over 5 employees and 28% have 1-5 employees because they’re difficult to find the right staff or it’s expensive in comparison.

63.3% of all new jobs in the US were created by small businesses over a 20-year period from 1992 to 2013!

From 2001 to 2009, entrepreneurship has been generally good for the economy as more than half of net new jobs came from these small businesses. The only two recessions in this time period were when investment was low and didn’t create many opportunities; however during both periods there continued to be an uptick in entrepreneurial activity that helped avoid a deep economic downturn.

68% of small businesses have an outstanding debt

The vast majority of enterprises are in debt, with 55% owing less than $100k. 37% owe about a million dollars, and only 9%, the wealthiest companies on average according to this entrepreneur facts & statistics survey from 2017. It’s worth noting that most of these debts seem like they’ve been dragging out for at least one year before then as well

Tags: Business WisdomEntrepreneursEntrepreneurship Facts
Previous Post

The Best Resources for Entrepreneurs: Tips to Get Started in the Business World

Next Post

China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform

Christina Garibay

Christina Garibay

My name is Christina. I am a content writer, author and blogger with years of experience in writting, researching and editing content. I studied journalism at the University of Texas-Austin and have been practicing the craft ever since. My favorite part about being a journalist is getting to interview interesting people from all walks of life who do fascinating things!

Next Post
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform

China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform

Please login to join discussion
Nenad Milanovic
Interviews

Revolutionizing Remote Work: An Exclusive Interview with Nenad Milanovic, CEO of COING

by Jed Morley
February 9, 2023
0

"I wish someone had told me how important it is to consider the method of distribution when considering the business...

Read more
Elizabeth Gore

Discover Elizabeth Gore’s Journey to Empowering Over 1 Million Small Business Owners Through Hello Alice

February 9, 2023
Nancy Chan

Epion Brands CEO Nancy Chan on Sustaining Growth and Building Strong Company Culture

February 9, 2023
Gil Villavecer

Gil Villavecer: The Face of Frontier Dental Lab Group and its Mission to Improve Smiles

February 9, 2023
Stefanie Magness

Stefanie Magness: CEO of Legit My Biz, Empowering Entrepreneurs to Build Legitimate Businesses

February 8, 2023

Valiant CEOs & Entrepreneurs Share, Inspire, and Celebrate Outrageously Successful Ethical Businesses and their Leaders.

Contact Us

staff@valiantceo.com

Follow Us

Browse by Category

  • Business News
  • Business Wisdom
  • Interviews
  • Community
  • Tech & Business
  • Economy

Links

  • About us
  • Cookie Policy
  • Editorial Policy
  • Privacy & Policy
  • Contact
  • VIP Author

Recent News

Nenad Milanovic

Revolutionizing Remote Work: An Exclusive Interview with Nenad Milanovic, CEO of COING

February 9, 2023
Elizabeth Gore

Discover Elizabeth Gore’s Journey to Empowering Over 1 Million Small Business Owners Through Hello Alice

February 9, 2023

© 2021 ValiantCEO - All rights reserved

No Result
View All Result
  • Home
  • Interviews
  • Business Wisdom
  • Tech & Business
  • Business News
  • Economy
  • Community

© 2021 valiantceo

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In