Awesome Entrepreneurship Facts

Who is Entrepreneur?

An entrepreneur is a person who takes risk to creates a new business from the start and gives something new to the world through entrepreneurship. An entrepreneur is generally considered as the person with following features.

• Innovative

• Risk taker

• Visionary

• leadership quality

• Passionate about what they do

Facts about entrepreneurship

1. There are more than half billion entrepreneurs in the world who owns their own business.

2. The startups with two founders are more likely to be successful.

3. China is the country with highest number of billionaire with 1058 billionaires while United states have only 696 billionaires.

4. There are 2,755 billionaires worldwide according to the forbes report.

5. 90% billionaires in America are self made billionaires.

6. Most of the entrepreneur's motivation for starting their own business is the idea of being their own boss

7. 30% of entrepreneurs have only the high school degree.

8. The main reason for failure of any business is because there is no market need for their product.

9. Only 9% of the entrepreneur have bachelor's degree in business.

10. United state is considered as the best country for entrepreneurs.

11. There are less then 1% entrepreneurs who come from the extremely rich or poor family.

12. Poor cash management is the main reason for business failures.

13. Half million startups are launched in United state every year.

14. The average number of businesses started by an entrepreneur is 2.

15. Owner of small startups thinks that managing their business is 4 times more stressful than raising their children.