The entrepreneurial spirit lights a flame of hope in the hearts and minds of people near and far. For most, it's a symbolic journey, one that delves deep into the far-reaches of their minds, revealing their deepest hopes and dreams, illuminating the pathway to self-discovery and eventual financial freedom.
Clearly, it's not easy running a business. But don't tell that to the wild-eyed innovators who have their sights set on achieving monumental success. Don't tell that to the entrepreneurs who've endured doubt and questions as to their abilities, their entire lives. That won't dismay or dissuade them at the outset. No, it most certainly won't.
However, as exciting as the start of any entrepreneurial journey is, we also know how mentally, emotionally, spiritually, physically, and of course, financially taxing it can be to run and manage a business in the long term. In fact, it's so difficult that eight out of every 10 businesses in the United States fails after just 18 months of operations. Even more shocking? After 10 years, only four out of every 100 businesses are still around.
If those statistics aren't enough to stifle you from charging headfirst into the world of commerce, then you're not alone because 28 million small businesses are operating in the United States with an additional 22 million professionals that are self-employed. Clearly, the entrepreneurial flame is alive and well in the hearts and minds of many, not just in the U.S., but around the world.
Read more: 5 Daily Habits of the World's Most Successful Entrepreneurs