Return to site

Entrepreneurship is Risky. Follow This Less Risky Path For Entrepreneurial Success

via Entrepreneur

"Startups face extreme challenges, and many of them fail. Instead of struggling with a startup, become an entrepreneur through acquisition.

Most startups fail. According to the Startup Genome's 2019 report, 92% of startups fail. Surprisingly, only 4% of businesses in the United States ever exceed $1 million in annual revenue, and only 0.6% reach $10 million in revenue, according to the US Census Bureau. It's no wonder that many would-be entrepreneurs see quitting a stable job to start a business as a significant risk."