By Athalia Monae
Entrepreneurship is not for the faint of heart. There’s a lot of sacrificing, learning, commitment, consistency, and realizing when you need to change things up that goes into running a startup. There are a lot of people who are not ready for that and don’t realize it until after they’ve launched and faced the realities of being an entrepreneur.
When launching a business, I, like many others, wanted things to take off immediately. We want to receive our return on investment (ROI) sooner than later, and that’s the main focus for some of us. That’s not the reality for most startups, however. According to the Bureau of Labor Statistics, approximately 20 percent of new businesses fail during the first two years of being open, 45 percent during the first five years, and 65 percent during the first 10 years. Only 25 percent of new businesses make it to 15 years or more.
