NEWS AND ANNOUNCEMENTS
What’s New
DID YOU KNOW?
36 Entrepreneur Statistics You Need To Know In 2021
1. 62% of US billionaire are self-made. (Wealth-X)
2. 15 million Americans are full time self-employed. (FreshBooks)
3. 3.62% of adults believe entrepreneurship is a good career. (Babson)
4. There are 582 million entrepreneurs in the world. (The Hill)
5. 26% of entrepreneurs say their biggest motivation for starting their own business was the idea of being their own boss. (Guidant Financial)
6. 33%of entrepreneurs have only a high-school diploma. (Guidant Financial)
7. In Brazil, 53% of the entrepreneurs operate on their own. (Babson)
8. The highest of self-employed professional (19.6%) work in construction/trade field. (FreshBooks)
9. With the global entrepreneurship index of 83.6, the US is the best country for entrepreneurs. (GEDI)
10. 59% of entrepreneurs who apply for a loan use it to expand their business. (Federal Reserve Banks)
11. 83.1% of the US business owners started their company. (FactFinder)
12. Only 9% of entrepreneurs have a Bachelor's Degree in business. (TSheets)
13. 26% of entrepreneurs turn to the internet for business-related advice. (TSheets)
14. Business and food are the two most popular industries for entrepreneurship. (Guidant Financial)
15. #1 reason why businesses fail is there's no market need. (CBInsight)
16. 22.5% of small businesses fail in the first year. (Office Of advocacy)
17. 60% of people who start small businesses are between the ages of 40 and 60. (Guidant Financial)
18. 62% of small businesses don't have any staff. (FreshBooks)
19. In 2015, small businesses employment made around 45% of total private employment in the US. (Office Of Advocacy)
20. Small companies were responsible for 97.6% of exported goods in the US in 2015. (Office Of Advocacy)
21. In a period of 21 years (1992-2013), small businesses accounted for 63.3% of new jobs in the US. (Office Of Advocacy)
22. Small businesses failure rate has declined by 30% since 1977. (Entrepreneur)
23. 67% of small business owners use personal funds to deal with various financial challenges. (Federal Reserve Banks)
24. 68% of small businesses have an outstanding debt. (Federal Reserve Banks)
25. Office of Advocacy statistics show 60.1% of small businesses without paid employee are home-based. (Federal Reserve Banks)
26. 32% of business owners use cash to start their entrepreneurship. (GuidantFinancila)
27. The biggest challenge for 33% of small business owners is the lack of capital. (GuidantFinancila)
28. For 43% of employee the biggest benefit of being self-employed is control over one's career. (FreshBooks)
29. 54% of self-employed entrepreneurs say they make more money now. (FreshBooks)
30. 97% of self-employed professionals say they would never go back to traditional employment. (FreshBooks)
31. For 27% of entrepreneurs, the hardest thing is to find talented staff or contractors. (FreshBooks)
32. 61% of baby-boomers say they would through retirement by choice. (FreshBooks)
33. For every 10 male entrepreneurs, there are 7 female entrepreneurs. (Babson)
34. There are 8 million minority-owned businesses in the US. (Office Of Advocacy)
35. Data from 2017 tells us there are an estimated 11.9 million small businesses in the US owned by woman. (American Express)
36. Minorities accounted for 45% of woman-owned businesses in the US in 2017. (American Express)
CRISP GOALS & BELIEFS
There is a belief in the VC world that if there is enough funding for a company it’ll eventually succeed. That is a very cynical approach that looks at investing as a source of “easy” money, it takes advantage of a situation and turns it around to make a profit regardless of consequences, that in time might make many people to lose money.
I always believed that our role as investors is to make sure that we keep the market from becoming a casino. When you decide to start investing actively there must be a sense of continuous in you that you hold the knowledge and desire to investigate and lead to achieve a better financial world for everybody. I believed that by doing the right due diligence and helping entrepreneurs to do the right thing and lead them to success, I will help people to have stronger 401k’s or IRA’s. I believed their retirement will be better and their kids lives will be better and that eventually the world will grow richer.
When we guide entrepreneurs, our main focus is helping them acquire skills that are traditionally not taught in engineering school. We believe that when you have an idea and your busy developing it, your mentoring circle must support you in any other aspect. We have built business plans for every startup that worked with us and formed a winning strategy to achieve not only funding but skilled specialists that will help them create the best version of their product.
Although we don’t believe in that and don’t act upon this agenda, we believe that an entrepreneur can’t succeed without funding. When looking at the stats we see that 90% of the ides fail!? Why so many? 90% of people that woke up one day and started building a product fail? It seems crazy.
We put a goal to help and raise the stats of failure, with the right guidance and tools from “insiders”. The ability to take lessons that were learned in a decade of growing businesses, teaching people to make the best out of themselves, developing essential communication skills, building a wide network of respected partners and associates from different industries (finance, VC, marketing, business etc.).
Our strategy is to help you shape your product while developing your growing strategy. The ability to be an outside observer, and while respecting your vision, sharpening the approach so you can use the funds to efficiently grow your product.
An important point is the analysis that is required from you in order to promote your idea forward. While it's crucial that you design the product to be as exact as possible, you have to analyze the market you are going after, an investor would want to see how you present the market and the valuation of the company. With the wrong approach to valuation, you can repel investors and create a feeling of wrong analysis which will determine the decision to fund or not.
To summarize, our goal is to raise the chances of success , if you believe that you are the next big thing we are here for you and devoted to growing your vision to the maximum.
AMZ GROUP INFORMS INVESTORS AND ENTREPRENEURS THAT WE ARE NOW PART OF BAYANGELS.
We are proud to announce that starting 2021 AMZ group is becoming part of Bayangels investors group. As part of our collaboration our own Zohar ilinetsky will serve on the deals review committee of Bayangels.
Entrepreneurs and Angel Investors drive the economy, create job growth, solve problems, and make lives better in the process. Supporting both groups on their journey is Bay Angels’ sole reason for being. By finding capital to scale businesses, mentoring founders and their teams, educating and providing experienced counsel, BayAngels works tirelessly to improve entrepreneurs’ chances of success.
Bayangels provides :
Instant access to a network of startups and investors
Affiliation with a brand well established in the startup ecosystem
Guidance from experienced investors to evaluate the strengths and weaknesses of each proposal.
Opportunities to meet your fellow investors at social events, lunches, and presentations
Chances to mentor and coach early stage companies
Speaking opportunities to grow your personal brand and share wisdom on subjects relating to investing or entrepreneurship.
We will continue promoting our belief in the need of supporting startups and playing a critical role in their growth. Our team is dedicated to change the success rate of startups by providing mentoring and guidance through the whole process of launching your idea.
AMZ representatives will judge in world wide entrepreneur competitions and will work with new startups by providing crucial strategy and marketing techniques.