7/23/2019 0 Comments Startup NumbersAccomplished businessman Jay Zises serves as the chairman of A Cap, Inc., an investment management company that focuses on investment management for individuals. In this capacity, Jay Zises is able to pursue his interests in startups.
Thousands of ambitious and hopeful businessmen start new businesses each year. While, according to statistics, half of these startups will be gone after four years, there are some more encouraging numbers, such as: 69 percent of startups in the US started their businesses at home. In the 2017 Economic Report released by the National Association of Small Businesses, 35 percent of startups are LLCs, thirty-three percent are small business corporations (S-corporations), 19 percent are corporations, 12 percent are sole proprietorships, and two percent are partnerships. Eighty-two percent of successful entrepreneurs believed they possessed the qualification and experience to be their own bosses. For startups, money is the most important ingredient for success. According to statistics, one-third of startups started their businesses with less than $5,000; 58 percent have initial cash capital of less than $25,000. In 2018, personal funding accounted for the most popular financing method at 77 percent, followed by bank loans at 34 percent. The report also indicated that in 2018, the business services and restaurants are the industries with the most number of business startups at 11 percent apiece, followed closely by health, beauty, and fitness at 10 percent.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
November 2019
CategoriesAll Community Outreach Education Finance Jay Zises Science Technology University Yeshiva University |