On the Up-and-Up
Minnesota’s rank went up from 21st to 16th in the latest Kaufmann Index for startup activity in the 25 largest states. Wisconsin remains in last place on the list, which is based, among other things, on the rate of adults becoming new entrepreneurs. California leapfrogged Texas and Florida to achieve the top ranking this time around.
Find a Friend
U.S. Department of Labor (DOL) figures that half of all startups fail within 5 years; however, entrepreneurs can greatly enhance their probability of survival by connecting to one or more powerful allies, thus creating competitive advantages and reducing risk. (Source: Gilbert Gonzalez, “What Factors Are Causal to Survival of a Startup?”, August 18, 2017, Muma Business Review
Fair or Fowl Fact
The National Turkey Federation reports that turkey consumption more than doubled since 1970, “due to consumers’ recognition of turkey’s good taste and nutritional value.”
The Bird is the Word
Minnesota ranks 1st in U.S. production of turkeys at 45 million per year, accounting for one-fifth of all turkeys grown country-wide.
(Source: “Minnesota Poultry Profile”, Su Ye, Minnesota Department of Agriculture, 2015.)