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A comment on Don't Fall Asleep at the Wheel: Successful Entrepreneurs Have Lives. Parent comment

Re:Don't Fall Asleep at the Wheel: Successful Entrepreneurs ... by mgummelt on Sunday September 30, 2012 @07:29PM (#4594610)
I'm not sure I understand you correctly, but he's saying that startup founders tend to be young, probably due to the risk profile of startups vs small businesses. Entrepreneurs as a whole (a much larger group) may well be in their forties on average, though.

Edit: Does anyone happen to know the success rate (for some definition of success) for restaurants?

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Re:Don't Fall Asleep at the Wheel: Successful Entrepreneurs ... by reissbaker on Sunday September 30, 2012 @09:23PM (#4594882)
According to this[1] Bloomberg article, failure rate is roughly 60%. Failure rate is defined as changing ownership within three years of founding.

Pretty low failure rate, compared to a startup.

[1] http://www.businessweek.com/stories/2007-04-16/the-restauran...

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Re:Don't Fall Asleep at the Wheel: Successful Entrepreneurs ... by mgummelt on Sunday September 30, 2012 @09:34PM (#4594906)
Funny that ownership change is usually considered a startup success.
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