photo credit: furryscaly
Starting a business is risky, but not as risky as you think. The oft-stated fact that 90% of startups fail within their first year is an urban myth.
OnStartups thinks, and Dane agrees, that now is the time to start that business — just forget about the venture capital. Here are some reasons why:
- VC money is hard to get right now which is a good thing for you, you don’t want a million dollar mistake on your hands
- Of you do get VC money – their rates are still close to a 50% success rate
- Constraints enforce discipline which you’ll need
- In turbulent times you’ll find many pockets of opportunity
- Your skill and hard work in tough times are more important than sheer luck