Many statistics and figures regarding the success rate of small business start ups may not be as appealing to some. This may be in part due to difficult and challenging economic conditions the world and market have seen in the last five years. As a result, data may suggest that small business start ups may fail. However, if entrepreneurs rely on these statistics and do not take the chance, will the economy ever fully recover?
Instead of relying solely on the statistics and numbers, it’s also important to consider how many start ups are actually on the market today. Even though the economy hit rock bottom back in 2008 and 2009, there are also more start up businesses on the market more than ever before. So here are some reasons why many independent entrepreneurs consider starting their own small businesses.