Chicken Entrepreneur

**Referral Club** · 08-17-2006 10:16 PM

Interesting article:
HERE

**4-Knots** · 08-18-2006 11:12 AM

Good post, shocking 95% fail in first 5 years!!

**Aletheides** · 08-18-2006 03:44 PM

They don't tell you that those figures include people that sell their business or can't continue for one reason or another (health reasons, etc). Fail sounds so bad to me.

**Donedeals** · 08-18-2006 06:31 PM

Steady paycheck? If you truly believe in yourself and you're product/service, I say go for it. "Sometimes you gotta say what the fuck" Risky Business. lol

**POW** · 08-18-2006 06:41 PM

Originally Posted by Aletheides

They don't tell you that those figures include people that sell their business or can't continue for one reason or another (health reasons, etc). Fail sounds so bad to me.

Actually, 9 out of 10 businesses fail withing two years because they are not profitable. I think that's good, just means i have to try ten times

**nado** · 08-18-2006 08:23 PM

Originally Posted by POW

Actually, 9 out of 10 businesses fail withing two years because they are not profitable. I think that's good, just means i have to try ten times

Actually Aletheides is right. The figure is somewhere around 50%

**POW** · 08-19-2006 07:51 AM

Where have you heard that? I have read in several books that 90% fail within two years. For example "Poor Dad, Rich Dad" by Robert Kiyosaki and "The Entrepreneur: An Economic Theory" by Mark Casson.

**gambit** · 08-19-2006 12:51 PM

I do it. I work not for the money but for the long term experience and education that is useful to my businesses.

**paul2145r** · 08-19-2006 01:54 PM

Think of it this way- the less businesses that succeed, the less competition you will have ;-) Survival of the fittest applies to business- every type of business. If you do not have the determination to succeed yourself, how do you expect your business to take off? If you cannot take that first step, and the second, and the third... then you won't go anywhere. Just a thought...

**nado** · 08-19-2006 11:59 PM

Originally Posted by POW

Where have you heard that? I have read in several books that 90% fail within two years. For example "Poor Dad, Rich Dad" by Robert Kiyosaki and "The Entrepreneur: An Economic Theory" by Mark Casson.

Read it in a couple of places, but can't find anything now.

This sort of explains why the figures tend to be wrong: http://www.businessweek.com/smallbiz...tm?chan=search

**Raybia** · 08-21-2006 01:24 PM

Originally Posted by POW

Where have you heard that? I have read in several books that 90% fail within two years. For example "Poor Dad, Rich Dad" by Robert Kiyosaki and "The Entrepreneur: An Economic Theory" by Mark Casson.

What do you think of the book Poor Dad, Rich Dad?

**POW** · 08-21-2006 03:35 PM

Nado, yeah you're right, i guess people tend to push the numbers a bit to fit their opinions also.

Raybia, i think it was OK, it focuses a bit to much on long term investing imo. But it's a great book to give you a more money making mindset. A bit slow maybe, you could probably sum all the content down to 50 pages if you wanted to. But i suppose that's a bit of the intention, to make you sit and think for a while.

If anyone is interested in listening to the audio book (poor dad, rich dad) contact me on msn (pontus.andersson@hotmail.com) and ill see what i can do for you...

**Nigami Enterprise** · 08-21-2006 07:53 PM

I actually think it would be true that 95% of small business don't succeed, Although i think it would be only about 70% that fail that actually have premises. So many people think they can start up something on ebay or fall for the work at home scams. Majority of these people don't have a clue how to run a business.