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>Overall, entrepreneurship is overrated. 5 successes for every 100 failures If failure is defined as going out of business, and success is defined as surviving
by ytNumbers 8y ago
>Overall, entrepreneurship is overrated. 5 successes for every 100 failures
If failure is defined as going out of business, and success is defined as surviving, then the real five year survival rate for new businesses is ten times higher than the author has written.
https://www.fundera.com/blog/what-percentage-of-small-businesses-fail https://www.fundera.com/blog/what-percentage-of-small-busine...
- AstralStorm 8y agoSurviving is not enough, you need at least sustainability and preferably profit and growth. That said, a business that is alive for 5 years and not running on VC funding for that time is probably sustainable in medium term.