adb wrote:
Starting a business isn't gambling. Businesses fail because people lack knowledge and commitment, not because they are unlucky. Chance plays almost no part in it.
Not gambling in the legal sense, nor in the moral sense. However, particularly for a small business, an awful lot does come down to luck, particularly
in the short run. To borrow from the concept from Ardvark, you can get your money in good, but sometimes it does'nt work out.
The long-rumored 8 of 10 businesses fail is not entirely true. Since there is no central database of business formation, it's rather difficult to calculate the numbers. There are some advanced stat models that try, but I don't follow them well enough to explain them.
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Our first challenge is to create an entire economic infrastructure, from top to bottom, out of whole cloth.
-CEO Nwabudike Morgan, "The Centauri Monopoly"
Sid Meier's Alpha Centauri (Firaxis Games)