Startup Statistics in Indonesia and the World

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Based on the Startup Ranking site , Indonesia currently still has at least 2,193 recognized startups . This number could actually be more considering that the government continues to promote the 1000 Digital Startup program .

What makes startups not appear to have increased significantly is because not all startups are open with data collection. BPS said that startups are somewhat more difficult to ask for data.

In addition, startups are likely to fail after running list of henan cell phone numbers for a few years. They have to close down because they do not make a profit and their operational costs continue to swell.

To find out startup statistics , see some of the explanations below.

1. Around 90% of Startups Fail

As reported by Forbes, Neil Patel said that around 90% of startups fail. This can happen since the first year, the first three years, or more than five years after running the business.

This failure is caused by many quite complicated factors. However, the most common causes are financial, no development, many new competitors, and no investor backing .

As long as startups cannot provide solutions and become the mainstay of many people, they will fail. Moreover, the target market they are targeting does not give a positive response.

2. Only 40% Make a Profit
The good news is that around 40% of startups still make a profit, although the amount can vary. Some are many times their initial capital and some are small, as long as they still break even.

This advantage can be obtained if the startup company gains trust from the community. Finally, various types of products or services provided will always be in demand by many people.

The stronger the capital provided, the lower the risk of loss. Especially if the investor is not only one. The opportunity to gain profit will be great because there is good coordination.