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Home : Starting a Business is Easy. Staying in Business is Hard!

Starting a Business is Easy. Staying in Business is Hard!

Let The Entrepreneurship Mastery Program make your start-up a success

How many people start new companies every month? Who are they?

Just yesterday I was reviewing some data from The Kauffman Foundation that answers those questions, and more:

  • 550,000 Americans start new businesses every month.
  • Men are two times more likely to start businesses than women are. I know so many successful women entrepreneurs, that's a shocker to me.
  • Hispanic Americans continue to start new businesses at a rate that outpaces all other groups. They are the heart and soul of American entrepreneurship.
  • African-Americans lag behind when it comes to starting new businesses. That's disturbing. But growth is picking up and one day, we'll see parity or better against other groups.
  • Immigrants are more likely to start businesses than native-born Americans are. They're really contributing to our economy.

But there's also one killer statistic out there, from my point of view. It comes not from Kauffman, but from the U.S. Small Business Administrationand other sources . . .

  • At least two-thirds of new businesses fail within the first four years.

That's right, at least 366,000 of this month's 550,000 new businesses will be history by year 2010. And as I mentioned on this blog on June 27th, the reality might be even worse than that. After all, entrepreneurs are slow to report their own failures.

Will You Succeed or Fail?

If you're armed with the know-how you need, you will succeed. You can be one of the 1/3 that grows and thrives. And the good news is, that knowledge is now available as it never has been before, in one of the most powerful programs ever available for entrepreneurs.

It is Trump University's Entrepreneurship Master Program.You've read about it here. Some of the greatest entrepreneurial thinkers in the world have built this unique program, which can give you the winning edge in today's ultra-competitive climate for start-ups. It's the kind of knowledge that most entrepreneurs gain only after years of running a business . . .

  • How to conduct powerful market research that assures your product or service will succeed, not fail.
  • How to start at the right size - not too small or too big - and assure positive cash flow before you even open your doors.
  • How to secure funding that will support, not sink you.
  • How to hire the right employees, lawyers and accountants when you need them - and not a day before.

Those are only a few highlights of the program. So if you are ready to get started on the route to entrepreneurial success . . ..

Why I am making such a strong case for The Entrepreneurship Mastery Programto you this morning? It's because of all the courses we offer at Trump University, it lies at the heart of our mission to help your dream succeed. And when I think that two-thirds of all new companies fail - well, that's a mission right there. It's a statistic that Trump University ought to be able to change.

Michael Sexton is President of Trump University.

Michael Sexton is President of Trump University.

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4 Comments   Post a comment

[-] Posted by Richard Guyon on 07/11/2006 11:51 AM
Once you are in business for yourself, it is also important to realize, every new customer is like starting a new relationship. If you come across as inconsiderate or overbearing to clients, don't expect to see them again. Dealing with clients on an honest level, giving them the utmost of consideration and treating them with the same importance as any other customer can be one of your biggest assets in marketing,,,, you can't buy referrals. But in the same respect, if a customer acquires your service / product on term, and is unable or unwilling to payout balances owing, then the gloves are off. Recently one of my own contracts felt that non-payment was an option after they obtained what they wanted, they quickly found out that I don't quibble, I gave a reasonable period to comply and simply turned the matter over to my lawyer allowing me to move on. This is inevitable in business that you will come across these types of clients from time to time, so the point of having a lawyer in hand is excellent advice, you don't want to be scrambling to find a good lawyer last minute. Even though I've been an Entrepreneur the majority of the last 24 years. You can never "Know it All", and once you think you do, you've just made your biggest mistake.
[-] Posted by Tom on 07/11/2006 11:19 PM
Show me the money!
[-] Posted by KandidKate on 07/13/2006 11:33 AM
I just visited a small business the other day to size it up for the kind of business I want to open. I know that the lease on the space is anywhere from $3000 to $4000 per month. The place was absolutely dead: Pretty, inviting, but no customers. I thought how is this business owner paying the bills, much more making a profit. I felt sad for them, and I don't want to be sitting in their seat. I want to have my act together and have awesome customer involvement. I look forward to learning what it takes to make it work (succeed)!
[-] Posted by Uche Wogu on 07/14/2006 7:00 AM
I have followed your publications with interest ever since I chanced on it on the web. However the sore point is that there seems to be a concious attempt at not recognising the potential that is waiting to be tapped in Africa, Nigeria to be precise. All the links are based in the US. For anyone to be part of this wonderful wealth creation opportunity, one must be 'resident in the US'. This will not help fight poverty in the world. Please remember that the honey bee while collecting necter for making honey also ensures the exponential increase of the species...
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