What are the benefits of Doing Online Business?

Every year, thousands of young entrepreneur starting their new business. The main objective of starting a business is to earn money, yeah that is the real fact. Every entrepreneur starting their business with a hope to get succeed, and moreover, Successful businesses don't happen overnight. To become the best entrepreneur you have to analyze a lot about current business ideas and strategies in the market.

Most of the people hesitate to start their own business because they don’t know how to start and where to start. We often heard about the successful outcome of the business instead we haven't heard about their sweat and blood which they have shedded. To become a number one entrepreneur make your presence online. let's have an overview of startup statistics for small businesses from a variety of sources.

GENERAL STARTUP STATISTICS

69 percent of U.S. entrepreneurs start their businesses at home.

According to the National Association of Small Business’s 2017 Economic Report, the majority of small businesses surveyed are LLCs (35 percent) followed by S-corporations (33 percent), corporations (19 percent), sole proprietorships (12 percent), and partnerships (2 percent).

REASON FOR STARTING A BUSINESS:

Independence and Flexibility: You will be having complete independence and flexibility towards your work. You came to know what potential you have, how dedicated you are at work.

Personal Satisfaction: Owning and running your own company without working for any others is the real satisfaction for the entrepreneur. You are solely responsible for all your success and failure.

FASTEST GROWING SMALL BUSINESS INDUSTRIES

The industries with the top number of small business startups in 2018 were:

1.Business services: 11 percent;

2.Food/Restaurant: 11 percent;

3.Health/Beauty/Fitness: 10 percent;

4.General retail: 7 percent;

5.Home services: 6 percent.

"When you are building a startup, it’s difficult. Particularly, a startup that is expanding at the rate of Tinder. You have to give 100%, and you have to be committed. Solving the problem has to be personal or else you’re going to disintegrate." -Sean Rad, Co-founder of Tinder, Inc.

Ou of 100 percentage, 19 percent of startups fail because of too much competition, and another 18 percent fail because of pricing or cost issues.

But now you don’t need to overthink about any failures and competition. I think I have given a small overview of starting an online business. From the above statistics, I would recommend food and restaurant business because those are the one which is high in peak. For starting an online business we require a separate website to overlook. so developing a website from scratch will be time-consuming and high cost so here we can go for Website clone scripts.

WHERE CAN GET THE CLONE SCRIPTS:

Startupmart is the best website and mobile application development company. We worked with various clients across the globe and met their expectation successfully and also provided the best output within a particular time-bound.

Get a completely free consultation with Startupmart.