You're mixing up percent that succeed (a statistic) with percent chance of success (a probability). IOW, the fact that 1% of businesses succeed does not mean t

You're mixing up percent that succeed (a statistic) with percent chance of success (a probability). IOW, the fact that 1% of businesses succeed does not mean that a particular business has a 1% chance of success. The reason is that business success is not a function of pure random chance (like a die roll). Sure there are random factors but there are also non-random factors (which, IMO, dominate). The problem is that there is no way to determine what your business's chance of success actually is.