Lies and Statistics

Steve Pavlina does an excellent job in exposing the problem with the oft-quoted “80% of businesses fail within the first five years”.

Whilst I don’t think that everyone should rush out and bankrupt themselves starting a business, I think the black-and-white assumption that businesses have to last for many years in order to be a success is flawed. The main difference between starting a new business and getting a new job is that you have more visibility of how well things are going :-)