I was reading this post on Meltfund about the 3 kinds of businesses that exist.
It says:
The goal of rent seekers is to create a monopoly. Monopolies could be double-edged swords, especially where rent control, price control and legislation against oligarchs exist and is enforced.
- 95% will fail within 5 years. Wrong!
- 45 will survive far longer. Wrong!
- 1% who are fully aware and guaranteed success survive. Wrong!
- 50% of new businesses survive to the fifth year.
- About 30% the tenth year.
- Land is not the central reason for business success or failure. Land is a panacea for success in third world countries faced with inefficiencies and poverty.