Most start up businesses go bust in their first year.
Not true. In fact, 80% continue past their third year and make big money.
Most entrepreneurs buy an existing business rather than starting from scratch.
Not true. In fact, 75% of businesses are started from scratch
It takes years to start a business
Most businesses are established in 6 months. Many people thinking of starting a business assume it takes much longer and often this can put them off.
Most businesses have been running for ages
Nearly 4 out of 10 businesses are younger than 3 years old.
Most businesses employ over 50 people
In fact half of all business owners employ only themselves, 8 out of 10 employ 5 or less and only 5 % employ 50+.
Business owners are all old!
Half of all business owners are younger than 45 and 2 out of every 10 are under 35.