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Failed Entrepreneurs Find More Success the Second Time

Given the slight chances of success, it’s a marvel anyone ever starts a business at all. One-third of new ventures close within two years, half within five years, and so on: only one in four is still around 15 years after opening day. But all that failure may offer its own reward, according to new research from a pair of economists from Stanford and the University of Michigan. They found that failed entrepreneurs are far more likely to be successful in their second go-around, provided they try again.

By Allison Schrager

Full Story: http://www.businessweek.com/articles/2014-07-28/study-failed-entrepreneurs-find-success-the-second-time-around#r=hpt-ls

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