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Priit

Hey I am on Medial • 2m

🚀 Business in Numbers: 10 Stats Every Entrepreneur Should Know 1️⃣ 90% of startups fail within 5 years. (Failory, 2023) 2️⃣ 42% fail due to no market need. (CB Insights, 2023) 3️⃣ 78% of consumers buy from brands they trust. (Edelman Trust Barometer, 2022) 4️⃣ 80% of sales happen after the 5th follow-up—most quit after 1-2 tries. (Marketing Donut) 5️⃣ Word-of-mouth drives 92% of purchases. (Nielsen, 2022) 6️⃣ Social media influences 71% of buying decisions. (Sprout Social, 2023) 7️⃣ 60% of people leave a website if it loads in more than 3 seconds. (Google PageSpeed Insights) 8️⃣ A 5% increase in customer retention can boost profits by 25-95%. (Harvard Business Review) 9️⃣ Email marketing has an average ROI of $42 per $1 spent. (Litmus, 2023) 🔟 Best time to post on social media? Tuesdays & Thursdays at 10 AM. (Sprout Social)

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