First Year Can be the Most Difficult: 87% of Business Owners Agree

According to a recent study conducted by Intuit, 87% of business owners agree that the first year in business is as tough or tougher than all other years.

Among other things, the study also found:

  1. 65% would spend more time and money on marketing
  2. 61% relied on online resources and/or friends who own small businesses for guidance during the first year
  3. 64% start with less than $10,ooo and 75% relied on their own personal savings

For more interesting tidbits from the study, check out the infographic below.

Starting and Growing a Small Business
Source: http://quickbooks.intuit.com/r/trends-stats/know-small-businesses-start-10000-less/

Add a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.