Sober Entrepreneurship: Why Modern Entrepreneurs Won't Succeed Under the Influence

Carol Roth

August 03, 2011

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"According to the Kauffman Foundation, we are seeing approximately 6 million new businesses created every year. Most of those aren't driven by innovation and if recent history is an indicator, they won't grow or even exist five years from now. If we are going to hang our hat on entrepreneurship, we need to ensure more successes, avoid the number of true failures and make sure that we have the right people pursuing the right opportunities at the right time with the right preparation. Friends don't let friends start businesses under the influence."

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