Recession is a word that strikes fear into most hearts. Indeed, company growth and profits seem impossible during a *down economy.* But the facts show that some of the greatest companies have been started and built during the worst of times.
What does this say about the people who start companies, or join companies during one of these periods? Are these people crazy? To some degree, perhaps this is true, but crazy in most of these cases also means passion.
The inspiring entrepreneurial stories that we hear are often bigger than our imaginations, wildly profitable, and filled with only exciting daily adventures in the world of business. One Seattle entrepreneur started to question what really makes an entrepreneur. His journey resulted in a powerful new movie: Shine.
Dan McComb, co-founder of Biznik (tagline: Networking that doesn’t suck) along with his wife Lara Feltin, decided to find the real stories of perseverance and beauty.
Bullet points from their site:
- Myth: Most entrepreneurs make a lot of money.
- Reality: Most entrepreneurs make less money than the average employee.
- Myth: Most entrepreneurial ventures take a lot of capital to get started.
- Reality: Most businesses are started with $25,000 of an entrepreneurs savings.
- Myth: 90 percent of all new businesses fail within a year.
- Reality: Half of all businesses last 5 years.
What they share