Success in Business Is Non-discriminatory

Posted by Laddie Blaskowski on Apr 16, 2007

Did you know there is now proof that anyone starting an American business has the potential to succeed? A recent study conducted by Florida International University, in which researchers followed 830 entrepreneurs over a four-year period, concluded that success is truly non-discriminatory.

The research found that race, age, education, nationality, household income, and even start-up experience are not significant factors in the predictability of a business to survive and become viable.

Having worked as a consultant to business owners for many years, I would say that this has also been my experience when working with clients. Some have been high school dropouts and others have had multiple degrees. They have been comprised of different ethnicities and ages, with some starting businesses when they were in their 20’s and others waiting until their 60’s.

The Florida International University study proves what many people probably already knew – that the U.S. is still a place where a person with a dream has a chance to achieve it, especially if that dream is to be a business owner.

I don’t have a study to back this up but I believe two critical attitudes allow entrepreneurs to succeed: passion and tenacity. I’ve found that the people who love what they do and find their business to be fun (i.e. have a passion for what they are doing) are more than likely to succeed. Why? Because isn’t work to them. They love to do it, talk about it, show it off and help others by using it.

They are also tenacious and don’t give up easily. When someone says “no” they understand it as “maybe” or “not now,” and are willing to push forward even when others say they should stop, call it quits or slow down.

Business owners face all kinds of obstacles, challenges and issues, but it’s great to know that for entrepreneurs willing to give it their all, the United States is still a great place to start a business.

To view an article on the study, click on this link to Sun-Sentinal.com: entrepreneurship