Survey Offers Unique Insight into Challenges Facing Startup Founders
BETHESDA, Md- (March 3, 2015) – To partner or not to partner? According to a new Consero Group Survey, launching a start-up with a partner may not always lead to success. Fifty-eight percent of startup founders report having had conflicts with partners or investors that have hindered the work of their businesses, according to the 2014 Startup Acceleration Data Survey, compiled by Consero Group, an international leader in creating high-level, invitation-only events for senior executives.
In addition, 34 percent of entrepreneurs said they occasionally regretted starting their business. The survey was compiled in conjunction Consero’s invitation-only Startup Forum, which hosted leading entrepreneurs from a cross-section of industries to share insights and strategies.
“The survey findings provide unique insight into the challenges facing startup entrepreneurs,” said Paul Mandell, Founder & CEO of Consero. “While positive relationships with partners and investors can be invaluable, negative relationships can thwart business goals, draining an entrepreneur’s time and energy. Such relationships likely contribute to the sizeable percentage of founders who occasionally regret having started their business.”
Entrepreneurs Advise Staying in School
In addition, only ten percent of surveyed entrepreneurs answered in the affirmative when asked whether entrepreneurship-minded students should consider dropping out of school to start their businesses.
“Despite some noteworthy startup success stories from founders who skipped or dropped out of college to launch their businesses, few of the responding founders seem to endorse the idea of forgoing higher education in pursuit of entrepreneurship,” said Mandell.
Additional Findings Included:
The 2014 Startup Acceleration Data Survey was conducted in conjunction with an invitation-only event hosted by Consero Group in September 2014. A total of 50 responses were recorded.
Founded in 2010, Consero Group is an international leader in creating industry-specific events for senior-level executives in industries that include: Legal, Compliance, Shared Services, Customer Experience, Finance, IT, HR, Procurement, among others. With operations in the U.S. and in Europe, Consero is best known for transforming the executive experience through intimate, invitation-only programs in a sophisticated learning environment with high-level content. For more information on Consero, please visit www.consero.com.