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๐ Business in Numbers: 10 Stats Every Entrepreneur Should Know 1๏ธโฃ 90% of startups fail within 5 years. (Failory, 2023) 2๏ธโฃ 42% fail due to no market need. (CB Insights, 2023) 3๏ธโฃ 78% of consumers buy from brands they trust. (Edelman Trust Barometer, 2022) 4๏ธโฃ 80% of sales happen after the 5th follow-upโmost quit after 1-2 tries. (Marketing Donut) 5๏ธโฃ Word-of-mouth drives 92% of purchases. (Nielsen, 2022) 6๏ธโฃ Social media influences 71% of buying decisions. (Sprout Social, 2023) 7๏ธโฃ 60% of people leave a website if it loads in more than 3 seconds. (Google PageSpeed Insights) 8๏ธโฃ A 5% increase in customer retention can boost profits by 25-95%. (Harvard Business Review) 9๏ธโฃ Email marketing has an average ROI of $42 per $1 spent. (Litmus, 2023) ๐ Best time to post on social media? Tuesdays & Thursdays at 10 AM. (Sprout Social)
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In 2023, the Indian wedding industry was the second largest in the world, with over 80 lakh weddings and an estimated value of $130 billion. It's also India's fourth largest industry, with an estimated value of Rs 4.74 trillion in 2023, a 26.4% incre
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Every Elon Musk product: 1. Blastar (1984) 2. Zip2 (1995) 3. X . com (1999) 4. Tesla Roadster (2006) 5. Falcon 1 (2006) 6. Tesla Model S (2009) 7. Falcon 9 (2010) 8. Giga Fremont (2010) 9. Dragon 1 (2010) 10. Supercharging network (2012) 11. Starshi
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