Here is some statistics for you

Start up fail rate.

Major Cause Percentage of Failures Specific Pitfalls
1 Incompetence 46 %
Emotional Pricing
Living too high for the business Nonpayment of taxes
No knowledge of pricing
Lack of planning
No knowledge of financing No experience in record-keeping
2 Unbalanced Experience or Lack of Managerial Experience 30 %
Poor credit granting practices Expansion too rapid
Inadequate borrowing practices
3 Lack of Experiences in line of goods or services 11 %
Carry inadequate inventory
No knowledge of suppliers BFL DING DING DING
Wasted advertising budget
5 Neglect, fraud, disaster 1 %
Leading Management Mistakes
1 Going into business for the wrong reasons
2 Advice from family and friends
3 Being in the wrong place at the wrong time
4 Entrepreneur gets worn-out and/or underestimated the time requirements
5 Family pressure on time and money commitments
6 Pride
7 Lack of market awareness
8 The entrepreneure falls in love with the product/business
9 Lack of financial responsibility and awareness
10 Lack of a clear focus
11 Too much money
12 Optimistic/Realistic/Pessimistic
Business with Worst Rate of Success After Fifth Year
1 Plumbing, Heating, Air Conditioning
2 Single-Family Housing Construction
3 Grocery Stores
4 Eating Places
5 Security Brokers and Dealers6 Local Trucking
Businesses with Best Rate of Success After Fifth Year
1 Religious Organizations
2 Apartment Building Operators
3 Vegetable Crop Productions So guess I will be investing in one of the weed IPO's
4 Offices & Clinics of Medical Doctors
5 Child Day Care Services