The statistic is misleading - it says, "90% of business are not a going concern after 5 years." That could mean they were acquired, or closed down for a good re

The statistic is misleading - it says, "90% of business are not a going concern after 5 years." That could mean they were acquired, or closed down for a good reason. For instance, if you built a startup with a great product but not much traction, and that attracted the interest of a company that hired you for a $250,000 per annum salary, that would be a "failed business" in this statistic, but obviously it worked out pretty well for you. I've ran companies that are no longer going concerns, but that delivered things that made customers happy, paid employees well in an awesome work environment, and the founders made good coin and had good experiences. Now everyone's moved on to other things, but these aren't failures (even though they'd be counted so in that statistic). Also - Companies fail. Persistent entrepreneurs succeed.