What Americans Can Learn From the Startling Success of Amish Entrepreneurs
March 21, 2016
Who is likely to be a more successful entrepreneur – a Harvard Business School graduate or an Amish man who quit school in eighth grade? According to new research, the answer may surprise you.
Amish scholar Don Kraybill says the failure rate of Amish start-ups is less than 10%, while the failure rate for non-Amish businesses is 65%. Although it is tempting to say that their businesses target different consumers, the reality is that Amish businesses are competitive with mainstream businesses, with many Amish even offering online ordering and shipping.
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