Globally, the median amount required to start a business is $15,000, but 29% of businesses fail when the owner runs out of money. That’s because 82% of startup funding comes directly from the owners or their families. Only one out of 100 entrepreneurs will ever get venture capital to help make their businesses successful.
Only 1 in 100 entrepreneurs will ever get venture capital.
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Despite those numbers, people are still starting their own businesses at higher rates than…
Source: Women on Business