Okina Dojo

Calculating risk is imperative to any new or existing venture. Knowing the odds of starting or running a business will help you learn more about the pivotal factors that statistically increase or decrease your odds for success. Using this knowledge, you’ll be better equipped to achieve your goals as an entrepreneur.

In an effort to help entrepreneurs assess just how much risk is associated with launching or running their business, StartupNation.com, a website that provides business advice and networking for entrepreneurs, recently introduced an Odds of Success Calculator.

Sponsored by VerticalResponse, a provider of on-demand email marketing, online surveys, and direct mail solutions for small business and was built in collaboration with EquityNet, which develops software for risk analysis of private businesses, the calculator helps entrepreneurs identify and evaluate business risk, as well as calculating the likelihood of success or failure.

The Odds of Success Calculator is a free tool that allows business owners to gain a snapshot of their individual business risk profiles based on eight key risk factors, including amount of capital investment, difficulty in obtaining funds, quality of financial management, degree of business planning, annual industry growth rate, management experience, industry experience and timeframe. The calculator quickly generates the odds for success — defined as the business still being viable — within a given timeframe identified by the business owner.

Calculate your odds of success now.

Image by: PCMag

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