A recent guest on Small Business Trends Radio, Dr. Scott Shane, Professor of Entrepreneurship at CASE Western Reserve University shared with us that the industry you start a business in has WAY more impact on a startup’s success than the talent of the entrepreneur.
Speaking as a 20 year entrepreneur focused professor and an angel investor as well he definitely has the research, facts and experience to back up his statement.
Give a listen to the interview - How to Start a Profitable and Long-Lived Business
This show was very insightful to me and he made many good points with regards to the importance of the industry chosen to start a business in.
I had no idea it could have that great of an impact.