Attempting to establish a startup takes courage, determination, and a slight leap of faith. To run a successful startup, it takes hard work, perseverance, and a lot of luck.
Statistics show, of the 514,000 new business owners in 2012, only 18% will succeed in their first venture. Those who are brave enough to try for a second or third venture see their success rate rise to 20%.
So why are so many business owners willing to take the plunge?
68% believe the odds of their business succeeding are better than others in their sector. And with such a positive attitude, they are more likely to stick it out to see success.
Mashable took the time to feature these entrepreneurial stats in an infographic, and gave a breakdown of factors that can contribute to the success or failure of your desired startup.
The average age of a founding startup team is 35-44 years old.
Boulder, Colorado is the number one metro city in high-tech startup density.
While not everyone will hit the perfect combination of factors to see successes at the scale of HelloWallet or Uber, dedicated entrepreneurs should still take the risk to incubate or accelerate their startups if their serious about reaching success. Using these organizations can make the foundation of your company a bit sturdier and easier to manage; and most of all, help in making your dream company a reality.
Which statistic in the infographic below shocks you the most?
Share with us in the comments.