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Are you Ready to Pay the Costs to be the Boss?
FEATURED ALL-STAR GUESTS: James Oliver, Jr. CEO of WeMONTAGE
James Oliver, CEO of WeMontage! James Oliver, Jr. the founder of WeMontage, Author, Tech Entrepreneur and Parentpreneur. He raised over $435,000 for his company, auditioned for Shark Tank and has received national the Today Show, Good Morning America and The Wall Street Journal.
The SBA states that 30% of new businesses fail during the first two years of being open, 50% during the first five years and 66% during the first 10. The SBA goes on to state that only 25% make it to 15 years or more.
The vast majority of startup funds (82 percent) came from the entrepreneur himself or herself, or family and friends.
77 percent of small businesses rely on personal savings for their initial funds.
40 percent of small businesses are profitable, 30 percent break even and 30 percent money.
I don’t care what CEO/major you admire or what it looks like on the outside, the journey of entrepreneurship has a high price tag and risks including being willing to lose it all.
