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That 90% failure percentage is still true. You just have to not die for a grand total of 18 months, and the odds go from 85% to much less.
by daniel-cussen 19y ago
That 90% failure percentage is still true. You just have to not die for a grand total of 18 months, and the odds go from 85% to much less.
- bouncingsoul 19y agoThe author of the linked article talks about the 90% failure stat in a blog post (http://robbieallen.com/2007/05/against-the-wrong-odds/ http://robbieallen.com/2007/05/against-the-wrong-odds/): > An often cited statistic (presumably from the Small Business Administration) is that 90% of businesses fail within the first 12-18 months. ... Fortunately, the stat is a load of crap. He talks about how the average outcome of widely differing situations isn't useful. The average entrepreneur has less than a high school diploma. If you've graduated highschool than the 90% failure rate already doesn't apply to you.
- portLAN 19y agoThat's a bit like George Burns's famous saying, "If you live to the age of a hundred you have made it because very few people die past the age of a hundred."