Issue 85 - 01 | Sober Entrepreneurship: Why Modern Entrepreneurs Won’t Succeed Under the Influence

By Carol Roth
Published Aug. 3, 2011 10:00 a.m.
“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.”

About Carol Roth | Carol Roth is a business strategist, deal maker and author of the New York Times bestselling book, The Entrepreneur Equation. Carol has worked with hundreds of companies, ranging from a single entrepreneur with an idea to Fortune 500 businesses, on all aspects of business and financial strategy. Collectively, she has helped her clients raise more than $1 billion in capital, complete $750+ million in mergers and acquisitions, secure high-profile licensing and partnership deals, create brand loyalty programs and more. You can find her online at and on Twitter at @CarolJSRoth.

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