Remove Competition Remove Entrepreneur Remove Statistics
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73.6% of all Statistics are Made Up

Both Sides of the Table

Often when they do I throw out my favorite statistic: 73.6% of all statistics are made up. One of our core tasks was “market analysis,&# which consistent of: market sizing, market forecasts, competitive analysis and then instructing customers on which direction to take. People throw them around at cocktail parties.

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Entrepreneurship: Nature vs. Nurture? A Religious Debate

Both Sides of the Table

In my bones I’m convinced that entrepreneurs are more nature than nurture although I know both are involved. I have recently written extensively on what I believe the 12 characteristics of an entrepreneur are. Entrepreneurs aren’t born, they’re made.&# The data in this article is at best, a stretch. from a young age.

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10 Self-Assessment Checks For Aspiring Entrepreneurs

Startup Professionals Musings

Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like the classic book “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required. Examine the marketplace and your competition. An MBA or other academic credentials just don’t do it.

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10 Entrepreneur Approaches That Turn Off Investors

Startup Professionals Musings

Many new entrepreneurs are so excited by their latest idea that they can’t resist contacting every investor they know, assuming the investor will be equally excited and want to contribute immediately. Real contracts, testimonials, and even statements of intent are much more effective, if not real revenue and growth statistics.

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10 Reality Checks to Verify Your Entrepreneur Fit

Startup Professionals Musings

Making the decision to become an entrepreneur is a major commitment, with huge implications for skills and lifestyle. Therefore, the least you can do is take advantage of some of the self-assessment tools and guides around, like “ The Entrepreneur Equation ,” by Carol Roth, which highlights personal characteristics and skills required.

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10 Top Reasons For First-time Entrepreneur Failure

Startup Professionals Musings

Based on my experience as a mentor and an entrepreneur, if you fail on your first startup, you are about average. Every young entrepreneur knows implicitly that startup success is a long hard road. Statistics show that the failure rate for new startups within the first 5 years is as high as 50 percent. Execution skills are weak.

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10 Tough Quandaries That Lead Entrepreneurs Astray

Startup Professionals Musings

Most entrepreneurs struggle with many startup Founders dilemmas in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle. That’s not an attractive statistic if you crave control and power. business dilemma entrepreneur founder Noam Wasserman'