An Honest Look at Startup Health From U.S. Business Owners [Visual Survey]

S. Business Owners [Visual Survey] The American Dream is alive and well with entrepreneurs starting their own business ventures left and right. While many aspiring entrepreneurs might be discouraged by the dismal survival rates of startups, others might be surprised that the beginning might not be as difficult as they thought. Intuit conducted a survey of 500 small business owners across the U.S. to better understand how startups get started, and to glean wisdom from entrepreneurs who have either succeeded or failed at starting a business. The results showed that 64% of small business owners start their business with less than $10,000, and three quarters of them relied on their personal savings to get things going. As far as new business challenges go, 68% say the first year in business is the toughest, and the biggest regret of small business owners reflecting on their first year is that they didn’t spend more time learning about financial management. These stats and more are visualized in the infographic below, where we learn that it’s nice to have people go before us and pave the way for success. Matthew Toren Blog Grow Related Posts 7 Fantastic Websites To Promote Your Startup or New Website Startups Are Looking Overseas From The Outset Starting From Scratch: Why You Need to Take a New Direction with Your Brand in 2016 Live Online Event For Individuals Looking To Start A Small Business in 2016 The Rise of Subscription Commerce How You Can Start Your Subscription Business Getting the Most Value from Selling Your Business in 2016 Why Individual Health Insurance Benefits Small Business Employees International Expansion: How Video Streaming Can Aid Your Business Matthew Toren Matthew Toren is a serial entrepreneur, mentor, investor and co-founder of YoungEntrepreneur.com. He is co-author, with his brother Adam, of Kidpreneurs and Small Business, BIG Vision: Lessons on How to Dominate Your Market from Self-Made Entrepreneurs Who Did it Right (Wiley). He’s based in Vancouver, B.C. What Are You Looking For? Follow Us Follow @blogtrepreneur Subscribe To Our Blog Join thousands of subscribers and enjoy exclusive content. 5 Ways to Make Blogging a Successful Business ”> 5 Ways to Make Blogging a Successful Business Startups Are Looking Overseas From The Outset ”> Startups Are Looking Overseas From The Outset 9 “Must-Have” Tools for Launching a Startup ”> 9 “Must-Have” Tools for Launching a Startup Is 2016 the Year You Will Sell Your Business? ”> Is 2016 the Year You Will Sell Your Business? What Can You Do Online to Support Your Local Offline Businesses? ”> What Can You Do Online to Support Your Local Offline Businesses? Perfectionists Are Not Entrepreneurs ”> Perfectionists Are Not Entrepreneurs 5 Recruitment Strategies For Small Businesses ”> 5 Recruitment Strategies For Small Businesses Write Down these 10 ‘Musts’ Before You Open Your Business Door ”> Write Down these 10 “Musts” Before You Open Your Business Door What the Rich Say about Getting Rich – 10 Books to Inspire You ”> What the Rich Say about Getting Rich – 10 Books to Inspire You Home About Us Archives Advertise Earnings Disclaimer Contact Us Privacy Policy