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The survey polled 549 founders of successful businesses in high-growth industries, including aerospace, defense, computing, electronics and health care.
About the Author: Rieva Lesonsky is CEO of GrowBiz Media, a content and consulting company that helps entrepreneurs start and grow their businesses.
Rieva Lesonsky is a Columnist for Small Business Trends covering employment, retail trends and women in business.
Many people wait until they no longer have a job before they decide to think about becoming entrepreneurs. This simple shift in perspective before it is needed could start to shift our preparedness when opportunities present themselves. I’m reminded of something I once heard from an older, quite successful small business owner. Many businesses are doomed to failure even before they start becasue their Business Model just does not work.
I see so many businesses doing extensive business plans which do not verify these three measures properly and then in the execution of the plan the business owner doesn’t bother to follow these three measures carefully and diligently.

Thanks for a great report on the Kauffman Foundation’s study on entrepreneurial success. This is a great article but I believe there are two additional points that need to be made.
Marketing or the failure to market your business is one of the biggest reasons for success or failure. The one most respondents cited (a whopping 98 percent of them) was the failure to take risk.
Litan, vice president of Research and Policy at the Kauffman Foundation, believes the survey results can lead to job creation and a healthy economy. But the current economy has given us an opportunity: We could harness the energy of the many workers who are now unemployed, teach them how to be entrepreneurs and provide them with seed financing for their ventures.
A nationally known speaker and authority on entrepreneurship, Rieva has been covering America ‘s entrepreneurs for nearly 30 years. She is CEO of GrowBiz Media, a media company that helps entrepreneurs start and grow their businesses. The word itself has such a strong negative connotation that it’s no wonder people avoid it like a plague. In response to a group who envied him by telling him he was lucky I heard him say, “True.

I have owned and operated an air conditioning business in Berryville Ar for 40 years and have seen a lot of businesses come and go.
But the more we learn about this, the more it will help government officials create policies that better support small businesses. A better solution would be to more accurately educate people on risks so they can make logical choices about what is an acceptable risk and what is unacceptable (to them personally).
I particularly encourage potential baby boomer entrepreneurs to look at this information to se how they can best leverage their life and business experiences.
In todays enviroment that can be a challenge to decide what medium to use traditional or internet or a blend of both.
With that end in mind, the Kauffman Foundation has just released a new study, The Making of a Successful Entrepreneur, which offers insight into what successful entrepreneurs believe most affects the success or failure of a startup business.
The second aspect is controlling costs, it doesn’t matter how much you are grossing monthly if you are spending more than you take in. It is very important to monitor both aspects on a monthly basis instead of waiting till the end of the year.

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