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Failing Gracefully: Infographic

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Being an entrepreneur or small business owner can often be the most difficult thing that a person does in his or her life. To be a successful business owner is even tougher. This infographic is courtesy OnlineMBA.com.

Interesting statistics include:

  • Since the mid 90s, small businesses have created 60-80% of new employment
  • The average technology entrepreneur has a middle-class background, parents are less educated than they are and a spouse and children when they launch their first business
  • Historically: First-time entrepreneurs have less than a 10% chance of success. Those who have previously field have a 20% chance of success.
  • The biggest source of funding for all businesses is equal to the company founders’ personal savings: 70% said they used personal savings as the main funding for their business.
  • 98% of successful small business owners feel potential entrepreneurs are only held back by: A fear of trying and failing

Startups Infographic

About Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.
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