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In reply to the discussion: How realistic is it to think you can save yourself economically with a "start-up"? [View all]quaker bill
(8,225 posts)13. One of the reasons small businesses "create" so many jobs
is that they fail, lay off people, and new ones crop up to take their place, and hire. In other places it is called market churning, but few if any here fail on purpose just to boost the stats.
If they did real stats you would substract the jobs lost from the jobs created, and find on balance that small businesses are valuable, but not as big a contributor to employment gains as advertised.
I can't save myself with my start up, but I might get a more comfortable retirement out of it.
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How realistic is it to think you can save yourself economically with a "start-up"? [View all]
Ken Burch
Sep 2012
OP
i remember reading somewhere that 90% of small businesses fail in the first year.
unblock
Sep 2012
#1
I wasn't talking about professional practice services, like the ones in your first paragraph
Ken Burch
Sep 2012
#7
Anybody can try, but if you need to make a living figure on putting in 100 hours a week.
dimbear
Sep 2012
#16
my first startup failed, my mother's first two failed, her third paid off, and she's on #4
NightWatcher
Sep 2012
#17
according to statistics from the Small Business Administration about 50% survive five years
Douglas Carpenter
Sep 2012
#23