Startup Business Findings

I had a goal of looking up statistics about startup companies and getting a grasp of what were the major components of the startups that succeeded versus those that failed. I was pretty disappointed at the resources that the web had to offer in this area. I found sources that said 90% of all startups fail, and another that described that 2/3 of startups make it through 2 years and 44% make it past 4 years. The only knowledge that I came out with after researching this, was that there really isn't any easy answer to the question, what is the success or failure rate of startup companies. No one seemed to agree with each other and for the most part those that gave actual numbers were just random people who don't seem to be very credible.

So the question is why do we have so little information about this topic? Is it because there are just too many startup companies to keep track of their dealings? Is it because there is too much gray area, if a company gets bought out is it considered successful? The major consensus was that it is hard to have a successful startup company. Many opinionated voices share their opinions on why many flop, or what characteristics are needed for a successful startup.

Many flop because the market is just really fickle, or because there is no room for the little guys in the realm of giant companies. Many flop because they underestimated the amount of work needed to complete a project. Many flop because they don't have sufficient funds to get started. Many flop because they are just terrible ideas!

In order to have success you need:

- a lenient market

- a solid business plan

- Consultations from those who have already been successful

- A good idea

- Clever Marketing

- A healthy economy of the target audience

- and sometimes Luck!