Some decent points in there. But also the most misunderstood and misrepresented business statistic of all time: > Some 70 percent of businesses fail within sev

Some decent points in there. But also the most misunderstood and misrepresented business statistic of all time: > Some 70 percent of businesses fail within seven years, according to the Small Business Administration. Wrong. Very wrong. 70% of businesses are not going concerns within seven years. Doesn't mean they "failed". They might have been acquired, or closed, or a different project might have taken the entrepreneur's focus. If a guy starts two companies as small side projects, and one takes off, he closes the other. That'd be reported as a "50% failure rate" for people who can't get their head around the statistics. But they didn't fail - they served the entrepreneur during that part of his life, he learned lessons, hopefully made some money, and then moved on to bigger and better things. Starting a business is hard, but it's not this impossibly bleak predicament that people make it out to be.