subject: Entrepreneur Facts Are Critical For Success [print this page] For An Entrepreneur To Be successful They Need To Recognize their Facts
Let me begin with the boring stuff. This is basically the facts an Entrepreneur needs to know about the business climate and the opportunities this year and for the approaching year.
As of May of 2011, there are about 27 million small business owners in the United States. About 60 to 80% of all new jobs come from these business's. It might be hard to believe, but a small business can be started for less then $350.00. Also, despite the myth of huge failure rates, a full 69% of small business's continue to exist their first 2 years. Where we get in trouble is over the longer term. The number of small businesses still in business after 7 years drops down to 31%.
Just a few more quick facts and we'll move on to the more juicy stuff. Small business owners represent over $7.8T in yearly US revenues and a new business can be up and running in around six working days.
So if you're an entrepreneur trying to begin a business, the water is warm. It's a great time to stick your toes in. You can get in for a fairly small sum of money, do it quickly and participate in more than a trillion dollars in annual revenues. Not bad for starting a new business in any time.
Advertising Facts Every Entrepreneur Wants To Be aware of
Google and online social media have changed the game for any business owner. For the first time, an entrepreneur can, not just start their business quickly, but they can do it economically as well. While there are several ways to spend funds with online advertising, you'll find just as many, if not more to do the same thing for little to no money.
For example, there are now over 750 million Facebook users, each, on average spending slightly over 15 hours a month on this social media site. Roughly 2.5 million internet sites integrate to Facebook and an astounding 30 billion pieces of content are shared in Facebook each month.
The great part about Facebook is that it's free. So, if you are willing to learn to use Facebook to become a successful entrepreneur, you've got a chance to tap into a huge market for little or no expense. The same is true for other social media internet sites like Twitter and Youtube.
Youtube has now become the number 2 search engine in the world. If you are willing to learn how to make Youtube videos that will help you position your business for maximum views, you have the potential to create an impressive business in a comparatively small amount of time.
A few more simple facts about Youtube, they have got 490 Million unique users as of February 2011, with 92 billion page views per month. Additionally, YouTube users spend an incredible 2.9 billion hours per month watching unique content. Again, you have got to ask yourself, how many hours of content do you need to have people watch to make your business successful?
The Facts Tell The Story
If you are contemplating getting into business for yourself there has never been a better time. You'll find a substantial number of business's opening their doors every year. The costs to begin a company are very small and there are numerous ways to grow a business with little or no cash investment.
The key to success in this climate is going to be determined by your readiness to learn what it takes to rank in the search engines and how to create relationships within the framework of social media. Like any other business in any other time, learning how to market your organization is always going to be a essential part of your success. But there has never been as much upside as there is today with the many available tools.
For an Entrepreneur, facts should steer you, they have never been more in your favor.
