[nickthemagicman]

Don't like 99% of small businesses fail?

[topkai22]

Not even close. The 5 year survival rate is around 50% and the 10 year survival rate is around 34%. Even the 25 year rate is close to 17%. I didn't quickly find any data on what causes business exits, but my guess is that the chance of "positive" exits (mergers, acquisitions, closing to transform to a new concept) gets pretty high at some point between year 5 and 10.

See https://www.bls.gov/bdm/us_age_naics_00_table7.txt

[decafninja]

I imagine the majority of those that don't fail aren't exactly on easy street either.

[nextweek2]

Limited liability companies are there to protect you.

I've known half a dozen wealth people who had gone bust 2-3 times before being running their current business.

They make hay whilst the sun shines and expect the market to change in the medium term. Triggering a reset.