Cog wrote:Half of new businesses fail within five years. 2/3rds of businesses fail within ten years. The business world is tough and the weak are eliminated. You better know what you are doing if you are going to advise your kids to start a business.
"Hey, let's open up a pet grooming store in that there strip mall down the street".
I agree if that's what you mean. There are a lot of folks opening up businesses with no clue. They actually deserve to fail since this failure is the closest they may ever get to a real education.
If you have integrity, study and do solid due diligence, work hard, and use your own money and not a loan from a bank, and start a business, your odds are better. If you are a parent loaning funds to your child, you better not be giving this loan as an indulgence to your kid, it better be understood for what it is.
There is an element to the survival of the fittest. Losers don't go to debters prison. They can try again. This is one of great things about America and the American cultural orientation of trying, failing, and trying again.
Sitting on your but in front of a digital screen trading stocks is not going to make America Great Again.