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| Political Threads This section is for Political Threads - Enter at your own risk. If you say you don't want to see what someone posts - don't read it :hihi: |
10-14-2009, 11:00 AM
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#1
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Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by scottw
it's not accurate
from USA Today
"In other words, they had what David Birch, former head of a research firm specializing in studying small business data, called the "I Had No Idea" syndrome. Would-be entrepreneurs don't realize what's truly involved with running a business.
So what is your chance of success? I think Birch's statistics are probably as accurate as any. His survival rates:
• First year: 85%
• Second: 70%
• Third: 62%
• Fourth: 55%
• Fifth: 50%
• Sixth: 47%
• Seventh: 44%
• Eighth: 41%
• Ninth: 38%
• Tenth: 35%
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And this article says 80% 5-year fail rate:
USI: College of Business--Small business failure rates
This one says 70% over 10-years:
Startup Failure Rates — The REAL Numbers | Small Business Trends
In his book, E-Myth Revisited, Michael Gerber states over 80% fail rate over 5 years.
As such, while my 2:47AM post after a night of fishing was grossly over exaggerated, it doesn't change the fact that somewhere between 7 and 8 out of 10 small businesses fail within 5 years. That letting people immigrate here with the mindset "maybe they'll live in squander with 10 other people to save up and start a successful business" is horribly misguided.
Like I said before, take care of people in this country first before worrying about those from another country. America is neither the worlds Police Force, nor its Welfare department.
Also, how many small businesses stay alive for extra years, on life-support strictly because the owner thrusts him/her self into debt and works 18 hours/day?
Joe, I don't think the sample of students in a business class is an accurate sample. If I had a kid and was planing on having them work for my business, I'd want them to have formal business training.
Last edited by JohnnyD; 10-14-2009 at 11:22 AM..
Reason: spelling, added some.
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10-14-2009, 11:31 AM
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#2
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Registered User
Join Date: Nov 2007
Posts: 12,632
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[QUOTE=JohnnyD;717373]
As such, while my 2:47AM post after a night of fishing was grossly over exaggerated. yes it was
That letting people immigrate here with the mindset "maybe they'll live in squander with 10 other people to save up and start a successful business" is horribly misguided. who suggested that anyone is "letting" anyone immigrate here with that horribly misguided mindset?...I'm guessing most would just like some kind of stable employment, starting a business is a LONG way from basic employment....that would be a funny sign at the border though..."IF YOU THINK YOU CAN JUST COME HERE AND LIVE IN "SQUANDER" WITH 10 OTHER PEOPLE AND SAVE UP TO START YOUR OWN BUSINESS...YOU'VE GOT ANOTHER THING COMING "
. America is neither the worlds Police Force, nor its Welfare department. currently it is both
MANY BUSINESSES CLOSE FOR MANY REASONS AND NOT NECESSARILY BECAUSE THEY "FAILED"
QUOTE] |
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10-14-2009, 11:55 AM
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#3
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by scottw
As such, while my 2:47AM post after a night of fishing was grossly over exaggerated. yes it was
That letting people immigrate here with the mindset "maybe they'll live in squander with 10 other people to save up and start a successful business" is horribly misguided. who suggested that anyone is "letting" anyone immigrate here with that horribly misguided mindset?...I'm guessing most would just like some kind of stable employment, starting a business is a LONG way from basic employment....that would be a funny sign at the border though..."IF YOU THINK YOU CAN JUST COME HERE AND LIVE IN "SQUANDER" WITH 10 OTHER PEOPLE AND SAVE UP TO START YOUR OWN BUSINESS...YOU'VE GOT ANOTHER THING COMING"
. America is neither the worlds Police Force, nor its Welfare department. currently it is both
MANY BUSINESSES CLOSE FOR MANY REASONS AND NOT NECESSARILY BECAUSE THEY "FAILED"
QUOTE] |
What kind of conservative are you?
With regards to the 10 people living in squander comment I made, if you had actually read the whole thread as opposed to trying to pick a fight, Joe mentioned that some immigrants live 10 to an apartment to save up the money to start a business.
I challenge anyone to demonstrate a situation where 10 people living in an apartment is not living in squander.
The minute the US customs says welcome to America to a non-citizen here for an extended stay, they're potentially "letting" someone immigrate here. My position is that they shouldn't unless it's for good reason and they can contribute to society.
I still stand that America *is not* the worlds Police Force or Welfare Agency. The problem is that many think it should be - like those that think we should get involved with Iran, send Aid to Africa or any number of international issues we get involved with more than any other country does.
Yes, businesses do close for many reasons, but the number one reason is because they could no longer sustain themselves - ie: They Failed. |
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10-14-2009, 12:40 PM
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#4
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Registered User
Join Date: Nov 2007
Posts: 12,632
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[QUOTE=JohnnyD;717396]What kind of conservative are you?
With regards to the 10 people living in squander comment I made,
I don't think it's possible to live in "squander" and save money at the same time... |
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10-14-2009, 12:59 PM
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#5
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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[QUOTE=scottw;717406]
Quote:
Originally Posted by JohnnyD
What kind of conservative are you?
With regards to the 10 people living in squander comment I made,
I don't think it's possible to live in "squander" and save money at the same time... |
True. That is the completely wrong word than the thoughts going on in my head. |
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10-14-2009, 12:42 PM
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#6
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Yes, businesses do close for many reasons, but the number one reason is because they could no longer sustain themselves - ie: They Failed.[/QUOTE]
99% ?
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10-14-2009, 12:59 PM
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#7
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by scottw
Yes, businesses do close for many reasons, but the number one reason is because they could no longer sustain themselves - ie: They Failed.
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99% ?[/QUOTE]
When was 99% ever mentioned? |
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10-14-2009, 01:09 PM
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#8
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by scottw
Yes, businesses do close for many reasons, but the number one reason is because they could no longer sustain themselves - ie: They Failed.
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99% ?[/QUOTE]
you said that "the number one reason" was a result of "failure"...based on your recent record of exaggeration I assumed that to be around 99%...I won't ask how big the fish was that you caught last night....  |
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10-14-2009, 01:19 PM
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#9
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Registered User
Join Date: May 2008
Location: Mansfield, MA
Posts: 5,238
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Quote:
Originally Posted by scottw
99% ?
you said that "the number one reason" was a result of "failure"...based on your recent record of exaggeration I assumed that to be around 99%...I won't ask how big the fish was that you caught last night....
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Oh I see. The Glen Beck method of debate.
The number one cause of death in America is heart disease. I guess that means 99% of people die of heart disease? |
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10-14-2009, 03:33 PM
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#10
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Registered User
Join Date: Nov 2007
Posts: 12,632
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Quote:
Originally Posted by JohnnyD
Oh I see.
The number one cause of death in America is heart disease. I guess that means 99% of people die of heart disease?
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if you keep making these crazy statements, noone is going to believe anything that you say.... |
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