Business Opportunities Weblog

User Entrepreneurs Most Successful In Business

By on March 8, 2012 in News

Sometimes it’s not good enough to create a product just because an opening exists. If you really want to succeed, then you need to create a product that you need first. According to Inc., entrepreneurs who launch a business with a product they use are more successful.

A study released by the Kauffman Foundation on Wednesday showed that entrepreneurs who first create products for their own use and commercialize them later wind up creating companies with longer staying power.

These so-called “user entrepreneurs” account for only 10.7 percent of all U.S. start-ups, but 46 percent of of start-ups that have lasted five years of more. The report also found a link between these user entrepreneurs and “innovative” startups, defined as those that performed R&D during their first year of operations.

Photo by Anthony Storo

entrepreneurs success trends

Angela Shupe has added 5,783 posts to Business Opportunities Weblog.

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  • http://sashbusinessopportunities.blogspot.com Sharone Mlenga

    This is an awesome site, a lot of content. It really is inspiring.

  • http://merchantofnewyorkcity.com/curationsoft Christopher

    Yup, that’s how this new curation app I bought a license for got started. It was used internally among a group of us to figure out how to do content creation ten times easier. We’re on top of the curation wave with a tool that’s proven and developed by the people that use them the most.

  • http://plus.google.com/115603906744999827651/ Accounting services

    Great information! I’m definitely adding this to my toolbox

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