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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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Esri Wins UAE

socalTECH

Redland-based geographical information systems (GIS) software maker Esri announced this morning that it has entered into a memorandum of understanding (MOU), with the national statistics agency for the United Arab Emirates. According to Esri, the MOU came with the UAE's Federal Competitiveness and Statistics Authority (FCSA).

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Entrepreneurship: Nature vs. Nurture? A Religious Debate

Both Sides of the Table

When I look at the attributes that I feel are most important in a startup CEO: tenacity, street smarts, the mental flexibility to pivot, resiliency, leadership / inspiration, work ethic, attention to detail, competitiveness, decisiveness and integrity – I think these all fall into the 80% nature territory. Or at least 73.6%

Startup 289
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Which is more important: Management quality or a better plan?

Berkonomics

If you read last week’s analysis of statistics for startups and early stage businesses, you have learned the truth that at least half of the businesses backed by professional early stage investors will die within three years or less. None of this is to say that an inexperienced entrepreneur cannot lead a great new business.

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Customer Loyalty Can Be a Startup Competitive Edge

Startup Professionals Musings

Statistics also show that building loyalty and retaining current customers is 3 to 10 times cheaper than acquiring new customers. As your business grows, it’s easy to lose your focus on customer service, or take away the empowerment and accountability of key personnel. Customers say it takes ten good experiences to make up for one bad one.

Customer 104
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Is it YOU or your great plan?

Berkonomics

Here’s a test: Several weeks ago, we published statistics of start-up and company failures. If you read that analysis of statistics for startups and early-stage businesses, you have learned the truth that at least half of the businesses backed by professional early-stage investors will die within three years or less.

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Livestrong.com Releases Traffic Stats

socalTECH

Santa Monica-based Demand Media has released traffic statistics for its LIVESTRONG.COM web site, its joint venture with cyclist Lance Armstrong, saying that the site now has more than 4 million monthly visits and over 650,000 registered members. The site, which launched in June, is focused on health, fitness, and related information.