Poll: How Much Money Did You Use to Start Your Business? : Under30CEO Poll: How Much Money Did You Use to Start Your Business? : Under30CEO
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Poll: How Much Money Did You Use to Start Your Business?

| February 19, 2012 | 2 Comments

The saying goes, “You need to spend money to make money”. So we want to know how much money did you spend right at the start to get your business up and running? How big was your first leap? Let us know in the poll below:

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Category: Funding

  • http://twitter.com/Goverenterprise Gil Yaron

    80% of new businesses fail in their first year. 80% of the remaining fail within their first 5 years. That’s 96% of all business ventures! One of the most common reasons is undercapitalization. The amount you need to invest depends on the nature of your business and how resourceful you are as an entrepreneur. However, make no mistake that the vast majority of ventures will not be profitable for at least one year. So, it is critical to ensure your business is adequately resourced to succeed.

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