Quote:
Originally Posted by investorblogger  Indeed the restaurant business does have unique challenges, but then so do most businesses have unique challenges. They're just different ones. If we cut out the businesses facing unique challenges, there won't be much left. 
The second link reported:
“The data show that, across sectors, 66 percent of new establishments were still in existence 2 years after their birth, and 44 percent were still in existence 4 years after. (See chart 1.) It is not surprising that most of the new establishments disappeared within the first 2 years after their birth, and then only a smaller percentage disappeared in the subsequent 2 years. These survival rates do not vary much by industry.”
That means by year 2, across sectors 34% failed and in year 4, it was 56%. These stats weren't much different from the stats from the stats for restaurants: 30% and 55%. Now we can go on and split hairs about the statistics and how relevant they are. But that would be interesting to do, however, we're wondering what the percentage of websites are that fail...
Anyone? |
Those statistics are certainly less gruesome than the oft repeated "4 out of 5 businesses fail in the first five years." (Or is it one year?). All in all, most people are both entirely too pessimistic and far too distracted to succeed in anything that relies solely on their own personal effectiveness, websites not excluded.
The poll results seem to be spot on. Most people I know who make any sort of living "on the internet" got in early and treated domain names like the real estate that they are. One in particular that I'm thinking of owns something like 12,000 domains and most are rather commonplace. Could you imagine having the foresight to register cheese.com? Or go.com? or amazing.com? All the stuff that's now taken and used for lord knows what, but someone was willing to pay a hefty sum to own.