According to the statistics provided: 1. 50% of new businesses fail within five years, but those that survive past two years are less likely to fail each subsequent year as they build a customer base and cash reserves. 2. Entrepreneurs who have previously failed at a business venture have a 20% chance of success with their next venture, higher than the 18% chance for first-time entrepreneurs, since failure teaches valuable lessons. 3. 95% of entrepreneurs have at least a bachelor's degree, though some famous entrepreneurs dropped out of college to start successful companies.

1. Hi my name is nitil chaudhary and today I am going to talk about dream of many i.e. –
“Being an entrepreneur”
Today in every corner of world most of the people who are presently working or going to
work soon, dream to start their own business. They are so passionate and put lots of efforts
to succeed their venture.
As per few records it is found that worldwide about 300 million person trying to start about
150 million businesses every year, few succeed and few destined to failure. Young
generation is coming up with lots and lots of new ideas – like making some of very useful
mobile applications

2. Statistics about start up:
1. 50% of all new business fail within five years.
businesses that survive past the first two years are less likely to die in each
subsequent year. So, while 25% of new business don't make it past year
one, only 10% of the business that make it past year 5 will die off in the
following year, and only 6% in the 10th year. Part of this is due to building a
customer base, refining the business model, and creating cash reserves.
But here's where you need to be cautious. Rather than try to go for broke in
the early years, consider building your foundation so that you can take
greater risk in outlier years when you do have the safety of an established
business to fall back on.
2. You're more likely to succeed if you've failed than if you've never tried.
Now this has to be one of the most counterintuitive statistics. Although
founders of a previously successful business have a 30% chance of
success with their next venture, founders who have failed at a prior
business have a 20% chance of succeeding versus an 18% chance of
success for first time entrepreneurs. You can probably guess why.
Although you learn a lot from success, failure also teaches valuable
lessons about what not to do. If you're a first time entrepreneur you haven't
learned those lessons--and without the benefit of an experienced advisor
you will learn them first hand. The advice? Bring someone on board, at
least as an advisor, who has been there before. Or, do what many of my
grad students do, which is to try your hand at a few startups before
venturing out to build your own! (source)
3. 95% of entrepreneurs have at least a bachelor's degree.
We've idealized the role of college drop-outs as successful entrepreneurs,
Bill Gates, Steve Jobs, Mark Zuckerberg, Oprah, and many others all took
the back door out of college to start and grow their companies. My HS-age
son always points this out to me when we talk about college. But the
numbers speak for themselves. The odds are overwhelmingly in your favor
if you stay in school and develop not only the knowledge and discipline, but
also the connections that will serve you well as you go forward. (source)
4. Scaling too fast, too soon is the number one reason most new companies
fail.
Nobody ever started business thinking, "Gee, this is going to take a lot
longer than I thought it would!" But it always does because the vision in
your mind is always far ahead of where the market is. If it wasn't, someone
else would already have done it! Give yourself the runway and set the
expectation to be patient with your dream. (source)

3. 5. Two founders, rather than one, significantly increases your odds of
success. You will raise 30% more investment, grow your customers 3
times as fast, and will be less likely to scale to0 fast.
In my own experience it has been nearly universal that startups do better
when they have two balanced and fully invested partners. The ability to rely
on each other to share the burden, temper risks, collaborate creatively,
take on specific areas of responsibility, and to motivate each other ae all
absolutely critical during the early stages of growth. Having the entire pie to
yourself is tempting, but all of a very small pie is rarely as good as half of a
much larger one. This is one case where 1+1 is definitely more than the
sum of the parts. (source)