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514,000 New Business Owners in 2012

514,000 New Business Owners in 2012

There were 514,000 new business owners in the United States in 2012, as stated in this recent Mashable infographic.growing-your-startup

Startup Canada reports that as of December 2012, there were nearly 1.2 million small businesses in Canada (businesses with at least one employee on payroll). And, between 2002 and 2007, an average of 104,000 new small businesses were created in Canada each year. Not bad when you consider about 85% of businesses that enter the marketplace survive one full year, 70% survive for 2 years and just 51% make it to 5 years. (Source)

While some of the stats  can be sobering, Canadian entrepreneurs remain undaunted. Need some proof? Check out TechVibes Canadian Startup Index for 2013.