Entrepreneur Facts Are The Basis For Small Business Decisions

For An Entrepreneur To Be successful They Need To Be aware of their Facts

Let me start with the boring stuff. These are essentially the facts an Entrepreneur must 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 positions come from these business’s. It may be hard to believe, but a business can be started for less than $350.00. Also, in spite of the myth of huge failure rates, a full 69% of small business’s continue to exist through their first 2 years. Where we get in trouble is over the longer term. The number of small companies still in business after 7 years drops down to 31%.

Just a couple of more quick facts and we’ll move on to the more juicy stuff. Small business owners represent over $7.8T in annual US revenues and a new business is often up and running in approximately six working days.

So if you are an entrepreneur planning to begin a business, the water is warm. It’s a great time to stick your toes in. You can get in for a reasonably small amount of cash, do it quickly and participate in over a trillion dollars in annual revenues. Not bad for starting a new business in any time.

Marketing Facts Every Entrepreneur Wants To Be Aware Of

Google and online social media have changed the game for a business owner. For the first time, an entrepreneur can, not only begin their business rapidly, but they also can do it economically as well. While there are several ways to spend funds with internet advertising, there are just as many, if not more ways to do the same thing for little to no money.

For example, there are now over 750 million Facebook users, each, on average spending a little more than fifteen hours a month on this social media site. Around 2.5 million internet sites integrate to Facebook and an amazing 30 billion pieces of content are shared in Facebook each month.

The great part about Facebook is that it is free. So, if you’re willing to learn how to use Facebook to be a successful entrepreneur, you’ve got the ability to tap into a massive market for little or no expense. The same is true for other social media sites like Twitter and YouTube.

YouTube has now become the number 2 search engine in the world. If you’re willing to learn to make YouTube videos that will help you position your company for maximum views, you have the potential to build an impressive business in a comparatively small amount of time.

A few more simple facts about YouTube, they’ve 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 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 yourself there has never been a better time. You’ll find a substantial number of small business’s opening their doors every year. The costs to begin a business are very small and there are numerous ways to grow a business with little or no cash investment.

The key to success with this climate is going to be based on your motivation to learn what it takes to rank in the search engines and how to build relationships inside the framework of social media. Like any business in any other time, learning how to promote your company is definitely going to be a critical part of your success. But there has never been as much upside as there is today with all of the available tools.

For an Entrepreneur, facts should steer you, they have not been more in your favor, then they are right now.