May 19, 2016

If you could start your own business, what would it be?

A recent survey of more than 500 midwesterners reveals a strong desire to convert passions for cooking, baking, brewing, farming, gardening and building into businesses.

The survey, conducted online in May 2016, resulted in restaurant, brewery, coffee shop, lawn care and dog care in the top five choices for starting a new business. While they seem to represent a wide range of businesses, they all reflect a desire to turn a passion or hobby into a profession.

Starting a business based on a passion has long been a common theme
, but just having passion is rarely enough to run a successful business. After all, it’s been often reported that up to 60% of restaurants fail in their first year. Starting and successfully operating a business starts with passion but must quickly be followed with a strategy, plan, lots of dedication and the proper amount of capital.

America’s economy is driven by entrepreneurship and even in the face of steep odds for success and we’re happy to report that entrepreneurship is surging upward in the U.S. again, as measured by the Kauffman Index of Main Street Entrepreneurship.

At Equity Bank, our leadership team has firsthand experience with entrepreneurship, they didn’t inherit a bank, they created Equity Bank with a personal passion for the business and a desire to create value for the communities they serve. When you’re ready, let’s talk about how we can apply our passion, experience and resources to help you with your entrepreneurial goals.

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