[klbarry]

I also have a theory that I've never seen data on. They say that 95% of new businesses fail; I'm willing to bet that the percentage is much less for a person's second or third try.

[jaxn]

That 95% number is BS even though it gets tossed around frequently:

http://www.businessknowhow.com/startup/business-failure.htm

Apparently 44% of small businesses are still in business after 4 years.