At the beginning of a new year, it's customary to take stock of one's life, work and industry at large. Entrepreneurs should be no exception. Analysts have shared many of their thoughts about how 2014 will unfold for those in the entrepreneurial community. The coming year will be a promising one for entrepreneurs, according to Forbes. There are many reasons to believe this aside from simple optimism, and many of the facts backing this judgment are compelling. Below are a few statistics that startup founders and prospective founders may find encouraging:
Venture capitalists predict a good year
The National Venture Capital Association and Dow Jones predicted in a press release that entrepreneurs will see more investment, greater IPO volume for exits, better employment opportunities at startups and a reviving economy in the year ahead. Though there are challenges, entrepreneurs can expect a good year in 2014, according to the release.
2013 a landmark year for IPOs
A record number of operating companies had their initial public offerings in 2013 in the U.S., according to a recently released report from Jay R. Ritter, a professor at the University of Florida. A total of 156 companies had IPOs last year, and made a total of $38 billion. This represents a 65 percent year-over-year increase, according to Forbes, and the proceeds were the highest they have been since 2000. All indications point to 2014 being at least equally successful for IPOs.
Funding is widely available
Obtaining startup funding is essential for the vast majority of entrepreneurs. According to Forbes, getting financing in 2013 was easier than in the past, and may continue to be in the year ahead. Venture capital investment fueled about 1,500 startups last year, as well. Furthermore, it's less expensive to start a business than ever before, considering the possibilities of websites and apps, which can be very cheap to produce.
There is no right age to start a business
Prospective entrepreneurs should remember this fact: In every single one of the last 15 years, more people between the ages of 55 and 64 have engaged in entrepreneurship than Generation Y, despite the proliferation of young founders in the media. Of course, younger people can certainly find success in entrepreneurship, but it's important to remember anyone can.