How to Succeed if 9 in 10 Businesses Fail?
Have you heard somebody say that 9 out of 10 businesses fail in a few years? How to succeed then? It is really that simple: to beat these odds you have to start 10 times. Happily for entrepreneurs this “fact” is total BS and you shouldn’t worry much about that.
The real numbers from US census show that about half of the businesses started make it to the year 5. What is even more encouraging is that 1/3 is still in business after 10 years. It is also important to note that these companies do not all crash and burn. Yes, some go bankrupt but others are shut down due to other reasons.