More often than not, the biggest fear of an entrepreneur is the possibility of failure, and for good reason. First-time entrepreneurs have only an 18% chance of succeeding, with the majority of startups going out of business within five years and two-thirds no longer operating ten years after inception. However, there is hope! Entrepreneurs who succeeded their first time have a 30% chance of succeeding with their next startup, and men are twice as likely to start companies than are women. . Take a further look at this infographic to find out more about entrepreneurs in the U.S. and what your chances of success are!
Easy to tweet:
A #VC backed #entrepreneur who succeeds in a venture has a 30% chance of succeeding in his next venture Tweet this
First-time #entrepreneurs have only an 18% chance of succeeding Tweet this
Americans between the ages of 55-64 have had a higher rate of entrepreneurial activity than those aged 20-34 Tweet this
Men start companies at twice the rate of women #entrepreneurs Tweet this