10 facts about startups that will blow your mind

Everyone ought to know the definition of a start-up, right? What about all the facts you do not know about them yet? That is where this article comes in handy! Sit back and get blown away by these surprising facts about start-ups, I am sure you did not know.

Failure is more common than success
Does starting a business gets underestimated? It appears not to be as easy as a lot of people might think. As so, in the first five years of a start-up’s consistence, 50% of the businesses fail. Some extremely uncertain entrepreneurs even manage to fail their company within the first year, namely 25%.
I can hear you thinking, what about the ones who do manage to keep their businesses afloat? After maintaining for the first five years, do not get greedy, there is still a chance for nine out of ten to eventually fail.

Beat the odds
A lot of couples decide to extend their luck in the form of an offspring, namely each second there are born 4 babies on earth. In that same second, there are globally founded 3 start-ups. The choice could be yours to make. One costs you money and the other one could make you money, when executed properly.

Know your opinions
Over two third of all the starting entrepreneurs are getting started on their business while they are still employed by their current job. Absorb your surrounding; What are your colleagues up to?

Rivalry
Who would have thought that India would be the runner-up of the world’s most boasting countries regarding start-ups. In 2015, India provided 2 million start-ups, which increase each year. As expected, the United States of America appear to be up-front. The most successful start-up right now is Airbnb followed up closely by Uber, Medium, 500px and Hootsuite.

Women are clever
As study showed the majority of the starting entrepreneurs are men. Could this be coincidence and has nothing to do with the great feeling of responsibility women get to have from the moment they have presence on this earth? Or do women just happen to prefer a steady income and a solid, decent way of living over a uncertain income source which is likely to fail in the first place? Connect the dots.

Unicorn club
An unicorn is considered a start-up which is worth over 1 billion dollar. The unicorn club includes a ranking consisting of: Uber, Airbnb, Snapchat, Pinterest. All the companies which are part of this club are either from the United States, India of China.

Starting a business, mid-life crisis?
Study has shown only 16% of all the entrepreneurs who start businesses are 35 years old or younger. 51% of all the start-ups founders have the age between 50–88 years. Could this mean starting a business is likely to be a phase of the well-known mid-life crisis?

Good and bad news
Let’s start with the bad news: if you idealized all the big entrepreneurs such as; Bill Gates, Steve Jobs, Mark Zuckerberg and Operah with ‘quitting their degree’, this does not equal what studies has shown.
Good news is the odds are definitely in your favour in the case of you actually finishing a degree and showing of your potential.

Starting up a business is tony
The last 3 years, year over year, there have been founded more start-ups. Taking into account fact number 7 and the increasement over the last couple of years, could the conclusion of trendiness be drawn?

Lack of skills
Over 50% of the founders of start-ups do not manage to stay the CEO of the company during their biggest period of growth. The main reason for this to happen is because the founder has a lack of training skills to learn their team.

You have just been provided with a considering amount of facts regarding the start-up world. So now, either you have been put back on the ground or your head is high up in the skies, at least you are aware of the facts which are present on our earth.