Comments on: 90 percent of restaurants don’t fail. Urban myth debunked. http://topstartup.com/2007/06/12/90-percent-of-restaurants-dont-fail-urban-myth-debunked/ Colin Nederkoorn's struggle from leaving his job to startup success Mon, 16 Mar 2009 14:53:23 -0400 http://wordpress.org/?v=2.8.6 hourly 1 By: Christian Gross http://topstartup.com/2007/06/12/90-percent-of-restaurants-dont-fail-urban-myth-debunked/comment-page-1/#comment-15 Christian Gross Wed, 13 Jun 2007 19:12:03 +0000 http://topstartup.com/2007/06/12/90-percent-of-restaurants-dont-fail-urban-myth-debunked/#comment-15 I think I know how they got 9/10 failures. I think they calculated the 3 out of 5 figure on the 12 twelve restaurants, and not on the resulting 9. I think I know how they got 9/10 failures. I think they calculated the 3 out of 5 figure on the 12 twelve restaurants, and not on the resulting 9.

]]> By: Christian Gross http://topstartup.com/2007/06/12/90-percent-of-restaurants-dont-fail-urban-myth-debunked/comment-page-1/#comment-14 Christian Gross Wed, 13 Jun 2007 19:07:14 +0000 http://topstartup.com/2007/06/12/90-percent-of-restaurants-dont-fail-urban-myth-debunked/#comment-14 I was thinking about this. Let's say we have three years of four restaurants. After three years 9 will remain. Now the assumption is that after three years 3 out of 5 fail. This means after a three year period 3.6 restaurants remain, resulting in a 30% success rate. Am I wrong? If that is the case then 30% is pretty good, no? I was thinking about this.
Let’s say we have three years of four restaurants. After three years 9 will remain. Now the assumption is that after three years 3 out of 5 fail. This means after a three year period 3.6 restaurants remain, resulting in a 30% success rate.

Am I wrong? If that is the case then 30% is pretty good, no?

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