The life expectancy of a U.S. business is just 10.2 years. About 9.5 percent of U.S. firms go out of business each year, and 90 percent of new products fail within 2 years. In addition, 22 percent of new start-up firms go bankrupt within 2 years, 53 percent within 5 years, and nearly 65 percent within 10 years."
Someone says to you, "given these statistics, you shouldn't be so eager to innovate or start your own business." Do you agree? Explain why or why not.