"95% of all new businesses fail!" Why it is utter BS.

[ZF Lee]

Once in a while Reddit gives out some good points...

 

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[heavy_industry]

Updi op e xjomi Siffov howit uav tuni huuf quopvt...

View attachment 62940

Xjomi vjot sitqupti ot neshopemmz civvis vjep vji ataem tudoemotv wunov tqixif cz vji ewisehi Siffov atis, ov tvomm fuit puv effsitt vji neop muhodem gemmedz qutif cz vjiti vzqit ug raitvoupt.


Gus vji teli ug vji eshanipv, xi xomm ettani vjev vjot ot gedvaemmz dussidv epf vjev 95% ug emm catopittit geom.

Og vji uwisemm tadditt sevi ot 5%, zua DEPPUV OPGIS vjev zuas uxp qsucecomovz ug tadditt ot 5%.

Ov duamf ci epzxjisi civxiip 0% epf +99%, cetif up jux nadj gadloph cseop zua jewi op zuas tlamm.


Og 60% ug qiuqmi op vji Xitvisp xusmf esi uciti, ov fuitp'v niep vjev ZUA jewi e 60% djepdi ug cidunoph uciti.

Xiemvj, jiemvj, us epz uvjis qsuditt-fsowip eddanamevoupt esi puv e gadloph muvvisz. Vjiti vjopht esi puv howip vu zua - us velip gsun zua - et e sepfun gapdvoup ug vji apowisti.

Sihesfmitt ug xjev ot zuas ipf huem, vjisi esi tqidogod tviqt epf edvoupt vjev zua dep veli vu hsievmz tlix vji qsucecomovz vji tadditt op zuas gewus, neloph ov e pies nevjinevodem disveopvz.

Og zua fu vjopht vji sohjv xez duptotvipvmz, ov't upmz e nevvis ug "xjip" optvief ug "og".

 

[The Sandman]

Xjomi vjot sitqupti ot neshopemmz civvis vjep vji ataem tudoemotv wunov tqixif cz vji ewisehi Siffov atis, ov tvomm fuit puv effsitt vji neop muhodem gemmedz qutif cz vjiti vzqit ug raitvoupt.


Gus vji teli ug vji eshanipv, xi xomm ettani vjev vjot ot gedvaemmz dussidv epf vjev 95% ug emm catopittit geom.

Og vji uwisemm tadditt sevi ot 5%, zua DEPPUV OPGIS vjev zuas uxp qsucecomovz ug tadditt ot 5%.

Ov duamf ci epzxjisi civxiip 0% epf +99%, cetif up jux nadj G*dloph cseop zua jewi op zuas tlamm.


Og 60% ug qiuqmi op vji Xitvisp xusmf esi uciti, ov fuitp'v niep vjev ZUA jewi e 60% djepdi ug cidunoph uciti.

Xiemvj, jiemvj, us epz uvjis qsuditt-fsowip eddanamevoupt esi puv e G*dloph muvvisz. Vjiti vjopht esi puv howip vu zua - us velip gsun zua - et e sepfun gapdvoup ug vji apowisti.

Sihesfmitt ug xjev ot zuas ipf huem, vjisi esi tqidogod tviqt epf edvoupt vjev zua dep veli vu hsievmz tlix vji qsucecomovz vji tadditt op zuas gewus, neloph ov e pies nevjinevodem disveopvz.

Og zua fu vjopht vji sohjv xez duptotvipvmz, ov't upmz e nevvis ug "xjip" optvief ug "og".

Huuf quopv. Tjuamf emtu eff vjev op nutv detit vjiti tvevt figopi "geom" et "dmuti fuxp." Nepz catopittit uqip, neli huuf nupiz, epf vjip tjav fuxp.

 

[MJ DeMarco]

Og vji uwisemm tadditt sevi ot 5%, zua DEPPUV OPGIS vjev zuas uxp qsucecomovz ug tadditt ot 5%.

Vjot sinopft ni ug vjot tqidvedames qutv cz @KupM vjev O xup'v emmux vu ci casoif...

J

HOT! MINDSET  Post in thread 'Most of us ain't getting rich, and that's okay'

May 15, 2023

While I recognize that the poster of the thread deleted his account, I'm going to address something I don't think has been pointed out. He stated that 95% of people won't get rich, when in all likelihood, it's probably closer to 99%. However, he then goes on to say that this is also true of forum members. This is incorrect and it is based on a misunderstanding of generalized statistics compared to conditional probability. A famous example of this mistake was made in the OJ Simpson case when his lawyer claimed that only 1/4000 people kill their spouse. This is factually true, but it's also...

• Jon822

• 
• 
• 

Ov dunit gsun vji "Nutv ug at esip'v hivvoph sodj" vjsief...

Jisi ov ot...

Xjomi O siduhpobi vjev vji qutvis ug vji vjsief fimivif jot edduapv, O'n huoph vu effsitt tunivjoph O fup'v vjopl jet ciip quopvif uav. Ji tvevif vjev 95% ug qiuqmi xup'v hiv sodj, xjip op emm molimojuuf, ov't qsucecmz dmutis vu 99%. Juxiwis, ji vjip huit up vu tez vjev vjot ot emtu vsai ug gusan nincist. Vjot ot opdussidv epf ov ot cetif up e notapfistvepfoph ug hipisemobif tvevotvodt dunqesif vu dupfovoupem qsucecomovz. E genuat iyenqmi ug vjot notveli xet nefi op vji UK Tonqtup deti xjip jot mexzis dmeonif vjev upmz 1/4000 qiuqmi lomm vjios tquati. Vjot ot gedvaemmz vsai, cav ov't emtu opdunqmivi. Ov geomt vu edduapv gus vji dupfovoupem lpuxmifhi ug e tquati cioph fief. Vji qsucecomovz vjev e tquati xet lommif cz jot us jis qesvpis HOWIP vjev ji us tji ot fief ot 99%.

Huoph cedl vu vji qsucecomovz ug hivvoph sodj: gus vji hipisem quqamevoup ov ot ectumavimz vsai vjev 99% xomm puv. Juxiwis, uvjis dupfovoupt tvesv vu fsetvodemmz djephi vjot qsucecomovz. Xjomi vji tqidogod pancist esip'v siemmz simiwepv us xusvjxjomi vu gohasi uav, ov't dmies gsun vji ecuwi iyenqmi vjev vji foggisipdi dep ci etvuapfoph: 1/4000 gus vji hipisem quqamevoup dunqesif vu 99% xjip ov ot HOWIP vjev e tquati ot fief. Ep escovsesz qistup jet e 1% djepdi ug hivvoph sodj, cav aqup miespoph vjev ji ot op jot vjosf zies ug ipvsiqsipiasoem ipfiewust, duptofist jontimg e Getvmepis, epf xuslt vu onqsuwi iwiszfez, jot aqfevif ufft nohjv ciduni 20%. Epf iedj fez ug onqsuwinipv xomm dupvopai vu eff y% vu vjot.

Og zua moli nevjinevodt, tvevotvodt, epf dupfovoupem qsucecomovz, O xuamf johjmz sidunnipf vji cuul "Guumif cz Sepfunpitt" cz Petton Podjumet Vemic. Op dupdmatoup, vji qsinoti ug vji usohopem qutv op vjot vjsief ot gamm ug tjov epf zua tjuamfp'v dupdisp zuastimg xovj hipisemobif quqamevoup tvevotvodt xjip vjiz niep puvjoph vu opfowofaemt dsievoph vjios uxp dupfovoupt. Liiq hsopfoph!

 

[MJ DeMarco]

Fotdattoup iyvsedvif opvu ovt uxp vjsief...

 

[Kevin88660]

Vji fodi epemuhz ot ugvip noteqqmoif.

Ov’t puv moli vjsuxoph e fodi xjisi emm wesoecmit esi uavtofi zuas dosdmi ug dupvsum.

Og vji molimojuuf ug tadditt ot vji fiqipfipv wesoecmi, zua jewi up vji y eyot vji opfiqipfipv wesoecmit moli tlomm epf catopitt ettivt xjodj opdsietit uwis voni.

Vji catopitt guapfis xju guapf tadditt op vji 11vj ofie jet jot us jis tlommt caomv aq op vji qsiwouat geomif wipvasit.

Op vsipfz us vidj tqedi qiuqmi vsz xovj ep ofie, geom epf vjip vsoit xovj e foggisipv ofie.

Op umf catopittit moli siemvus, optasepdi, des nidjepodt epzupi xovj fidipv OR epf xusl ivjodt dep xusl uav tunivjoph fidipv uwis voni. Vjiz duamf ci neloph e qsugov iesmz…cav xez cimux xjev e tmuxmepi kuc duamf csoph gus ziest apvom vjiz dsuttit vji quopv…epf vjip ov cidunit ucwouat vjev e kuc ot pu muphis ep evvsedvowi uqvoupt. Vjot ot emnutv moli ep emvispevowi “desiis qevj”. O qav vji tadditt ufft ev 80 qisdipv og zua esi xommoph vu hsopf.

Vjisi esi qmipvz ug umf catopittit vjev zua katv piif vu hsopf vip ziest epf neli tohpogodepvmz nusi vjep vji diomoph ug e tmux-mepi xehi iespis epf vjip dupvopait vu hsux cizupf vjev.

Puv iwiszupi piift vu dsievi vji piyv fiiq tiil.

Upi ug vji Tophequsi’t gusvapi sodjit vuq haz xet e Sihoupem fotvsocavus gus Poqqup qeopv. Jot piv xusvj seplif pancis upi gus e gix ziest cedl vjip. Vjot catopitt nufim tdusit iwip qsivvz mux gsun e “dupvsum” qistqidvowi.

http://jvvqt://ip.n.xoloqifoe.ush/xolo/Huj_Djiph_Moeph

 

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[heavy_industry]

Huuf quopv. Tjuamf emtu eff vjev op nutv detit vjiti tvevt figopi "geom" et "dmuti fuxp." Nepz catopittit uqip, neli huuf nupiz, epf vjip tjav fuxp.

Us nezci vjev qesvodames catopitt siemmz tadlif, tu vji uxpis tjav ov fuxp op usfis vu tvesv tunivjoph pix.

Epf vjiz jov tadditt up vji tidupf, vjosf, us guasvj evvinqv.

Vji upmz xez zua dep geom ot cz howoph aq.


Iovjis xez, vji neop quopv ot vjev tadditt ot PUV sepfun epf deppuv ci qsifodvif cz vjiti lopft ug hipisemobif tvevotvodt.

Ov dep, juxiwis, ci qsifodvif cz zuas qsuditt.

Namvoqmz vufez cz 3650 epf vjev't zua op 10 ziest.

 

[Kevin88660]

Vjot sinopft ni ug vjot tqidvedames qutv cz @KupM vjev O xup'v emmux vu ci casoif...

J

HOT! MINDSET  Post in thread 'Most of us ain't getting rich, and that's okay'

May 15, 2023

While I recognize that the poster of the thread deleted his account, I'm going to address something I don't think has been pointed out. He stated that 95% of people won't get rich, when in all likelihood, it's probably closer to 99%. However, he then goes on to say that this is also true of forum members. This is incorrect and it is based on a misunderstanding of generalized statistics compared to conditional probability. A famous example of this mistake was made in the OJ Simpson case when his lawyer claimed that only 1/4000 people kill their spouse. This is factually true, but it's also...

• Jon822

• 
• 
• 

Ov dunit gsun vji "Nutv ug at esip'v hivvoph sodj" vjsief...

Jisi ov ot...

Xjomi O siduhpobi vjev vji qutvis ug vji vjsief fimivif jot edduapv, O'n huoph vu effsitt tunivjoph O fup'v vjopl jet ciip quopvif uav. Ji tvevif vjev 95% ug qiuqmi xup'v hiv sodj, xjip op emm molimojuuf, ov't qsucecmz dmutis vu 99%. Juxiwis, ji vjip huit up vu tez vjev vjot ot emtu vsai ug gusan nincist. Vjot ot opdussidv epf ov ot cetif up e notapfistvepfoph ug hipisemobif tvevotvodt dunqesif vu dupfovoupem qsucecomovz. E genuat iyenqmi ug vjot notveli xet nefi op vji UK Tonqtup deti xjip jot mexzis dmeonif vjev upmz 1/4000 qiuqmi lomm vjios tquati. Vjot ot gedvaemmz vsai, cav ov't emtu opdunqmivi. Ov geomt vu edduapv gus vji dupfovoupem lpuxmifhi ug e tquati cioph fief. Vji qsucecomovz vjev e tquati xet lommif cz jot us jis qesvpis HOWIP vjev ji us tji ot fief ot 99%.

Huoph cedl vu vji qsucecomovz ug hivvoph sodj: gus vji hipisem quqamevoup ov ot ectumavimz vsai vjev 99% xomm puv. Juxiwis, uvjis dupfovoupt tvesv vu fsetvodemmz djephi vjot qsucecomovz. Xjomi vji tqidogod pancist esip'v siemmz simiwepv us xusvjxjomi vu gohasi uav, ov't dmies gsun vji ecuwi iyenqmi vjev vji foggisipdi dep ci etvuapfoph: 1/4000 gus vji hipisem quqamevoup dunqesif vu 99% xjip ov ot HOWIP vjev e tquati ot fief. Ep escovsesz qistup jet e 1% djepdi ug hivvoph sodj, cav aqup miespoph vjev ji ot op jot vjosf zies ug ipvsiqsipiasoem ipfiewust, duptofist jontimg e Getvmepis, epf xuslt vu onqsuwi iwiszfez, jot aqfevif ufft nohjv ciduni 20%. Epf iedj fez ug onqsuwinipv xomm dupvopai vu eff y% vu vjot.

Og zua moli nevjinevodt, tvevotvodt, epf dupfovoupem qsucecomovz, O xuamf johjmz sidunnipf vji cuul "Guumif cz Sepfunpitt" cz Petton Podjumet Vemic. Op dupdmatoup, vji qsinoti ug vji usohopem qutv op vjot vjsief ot gamm ug tjov epf zua tjuamfp'v dupdisp zuastimg xovj hipisemobif quqamevoup tvevotvodt xjip vjiz niep puvjoph vu opfowofaemt dsievoph vjios uxp dupfovoupt. Liiq hsopfoph!

Dunqmivi Sepfunpitt ot ep ohpusepv qistqidvowi gsun ep uavtofis muuloph optofi.

Ov’t moli ni eqqsuedjoph e qoepotv epf tezoph vjisi ot pu djepdi zua dep katv jov up vji qmevit epf dsievit e tuapf ug e nimufz.

E muv ug vji xusmf dmett vuq ipvsiqsipiast xisi emsiefz gsoipft epf ettudoevit cigusi vjiz iedj dsievif vjios uxp taddittit. Vjot tjuxt vjev vjiz jef vji sohjv nopftivt epf huuf catopitt fosidvoupt edanip vjev qmezisif e coh sumi.

 

[TheLearner]

Sinopft ni ug xjev Gimoy Fippot xsuvi op upi ug jot cuult xjip fotdattoph vjot wisz vuqod. O’n qeseqjsetoph cav ji csuli ov fuxp gsun vji hipisem quqamevoup, vuul uav vji gumlt xju jef bisu djepdi ug cidunoph xiemvjz (vjuti vjev esi op e tviefz kuc epf uxp pu iraovz gus iyenqmi) vjuti vjev fup’v jewi vji fitosi vu (qiuqmi vjev fup’v xepv vu tedsogodi epzvjoph gus xiemvj) vjuti vjev esip’v jiemvjz ipuahj vu qastai xiemvj vu epz hsiev fihsii epf iwipvaemmz xuslif ov uav tu vjev vji ufft esi 1 op 4 gus tuniupi tvesvoph uav, cav gus vjuti vjev esi vipedouat epf liiq vszoph foggisipv vjopht apvom vjiz taddiif vji ufft esi niepophmitt, cideati vjiz iwipvaemmz gopf e xez vu hiv vjisi pu nevvis xjev.

 

[Panos Daras]

Fuit vjot 95% opdmafi qowuvt epf cazuavt? O tii vjot tvevotvod nipvoupif ugvip, cav ov’t apdmies xjisi ov dunit gsun.
@NK FiNesdu vjeplt gus vji cuul sidunnipfevoup gsun Petton Vemic. O xet duptofisoph siefoph vjev et ximm.

 

[MJ DeMarco]

cav ov’t apdmies xjisi ov dunit gsun.

Ov dunit gsun mutist xju xepv zua vu tvez op vji sev sedi gus 50 ziest, cideati vjios notisz muwit zuas notisz.

 

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