Readers of this blog no doubt also read other Montreal Tech Community blogs and will already have been reminded that DemoCampMontreal3 is tonight. Still, it would be remiss of me not to also chime in; so here goes:
DemoCamp Montréal 3
Tuesday, 24 July 2007
18:30 – 20:30
Societé des arts technologiques
1195 boul. St-Laurent
( Sign up | Facebook | Upcoming | Google Maps )
I’ll be there, along with the StandoutBoys, so see you there!
For years and years, whenever I’d mention to someone that I’d like to start a business, I’d get quoted the infamous “80% of all businesses perish within 5 years” parable.
Well, that piece of “wisdom” never quite sat well with me… and now it seems it’s actually an urban myth!
Entrepreneur.com, in an article titled “Failure to Launch?“, reports:
…approximately half of all new businesses were still operating after four years. Headd and other researchers have had similar findings. “To my knowledge, none of them nor myself have run into a substantiated finding [showing] 9 out of 10 fail the first year,” Headd says.
So for some reason this urban myth has been passed on, year after year, person to person, discouraging people from entrepreneurship. The article sums it up quite nicely:
At any rate, it seems clear that some people simply want to believe that entrepreneurship is harder than it really is.
If I were a cynic I’d say that “The Man” has passed on this “wisdom” in order to stifle competition and keep the worker bees content… But I’m no cynic ;-) so I think this urban legend is probably just an expression of peoples’ fear of uncertainty.
So there you go folks. Yes, it’s not easy to start something, but it’s also not as hard as you think. My advice is then to get out there and just do it!
Sunir at Freshbooks cornered and interviewed me at Mesh… and now he’s written a great post about me and Standout Jobs in his SuperEntrepreneurs series! I now have my very own trading card… Thanks Sunir. :)