10 Fun Facts About Start-ups

1. The number one reason most start-ups flop is because they launch a product or service that people don’t actually want or need. How to avoid this? RESEARCH! Don’t just ask your family if they would buy it, ask everyone you possibly can.

2. Start-ups valued at over a billion are called a ‘unicorn’. So, unicorns really do exist.

3. 40 is the average age of start-up founders. So, if you’re not there yet, you probably need a few more years in a boring desk job before you dream up your escape.

4. Being weird and reckless are prominent traits in successful entrepreneurs. These might just be signs that your destined for greater things in life.

5. The majority of unicorn investors have only ever invested in one unicorn. Then again if you’ve landed yourself a unicorn, who needs another pet.

6. Camping, Travel and Fitness will be the top industries earners thanks to a shift in millennials preferences for experiences over objects.

7. Start-ups with two or more founders tend to be more successful. Probably so there’s one good cop and one bad cop to diffuse every situation that arises.

8. There are more unicorn companies that start with the letter ‘C’ than any other letter. Maybe it is all the name, as they say.

9. Bizarre ideas can be a real hit. I Do, Now I Don’t, founded by Josh Opperman when his fiancé left him, has become a huge success. Just like Craigslist, but for fine jewellery, which can be certified and resold at a fair price and buyers can bag themselves a deal.

10. Perseverance and openness are the top skills needed to be a highly effective start-up founder according to Forbes. Being in it for the long haul because you believe you are making a difference and being open to change whatever is needed to make it a success.

Remember just because it's a fact doesn't mean it's assured. So get creative, be weird and and get out of your comfort zone. Start-ups are not born from routine, they are born from adversity.

"Adversity has a way of introducing a man to himself".

- Shia LaBeouf