“If you just work on stuff that you like and you’re passionate about, you don’t have to have a master plan with how things will play out.” – Mark Zuckerberg, founder of Facebook.

The entrepreneur is an innovator or developer who recognizes and seizes opportunities; converts those opportunities into marketable ideas; adds values through time, effort, money, or skill; and implement the ideas. Recent research has found out following facts about entrepreneurs.

  1. 85% entrepreneurs fail in the first year.
  2. 60% entrepreneurs had no prior experience at the time of starting the business.
  3. 73% entrepreneurs have no formal training on entrepreneurship.
  4. 30% children studied in government institution opined that they have not been taught in entrepreneurship.
  5. 27% employments are the entrepreneurial venture.
  6. 93% entrepreneurs are situation specific.
  7. Family support, market demand and bank financial assistance are the major factors for becoming entrepreneurs.
  8. Entrepreneurs are cold-blooded killers. They do not share, even with nearer.
  9. One-third of the new entrepreneurs is younger than 30 years of age.

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