I Sell Onions on the Internet

Re:I Sell Onions on the Internet by opencl on Tuesday April 23, 2019 @01:31PM (#19730870)

The whole "90% of businesses fail" thing is pretty meaningless without a timespan attached to it. Obviously almost all companies eventually go out of business for some reason or another.

About three quarters last more than a year, about half last to 5 years, and about a third last to 10 years.

https://www.fundera.com/blog/small-business-survival

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Re:I Sell Onions on the Internet by TeMPOraL on Tuesday April 23, 2019 @03:14PM (#19731861)

Also if you forget the whole startup "go big or go home", what also matters is whether the company left the people involved - the founders, the employees - richer than they were before, or did it ruin the founders. Because a business that lasted 5 years and closed because the market dried up, but in that time netted the founder more than a regular job would, is pretty successful in my books.

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Re:I Sell Onions on the Internet by pbhjpbhj on Wednesday April 24, 2019 @07:50AM (#19737449)

Thanks for posting that, TeMPOral. It helps to put things in a good perspective - our business has given us much joy, far more joy than a regular job would. Not so great on the money aspect; which I guess is why no-one has stepped up with interest to take it on.

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Re:I Sell Onions on the Internet by pbhjpbhj on Wednesday April 24, 2019 @07:45AM (#19737402)

Yes, sorry, the phrase repeated by nearly everyone was "90% [of [small] businesses] fail in the first year". Which compared to your 25% figure is pretty markedly different - that's the sort of discrepancy I was seeing.

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