Rachel is a management major who wants to start her own business after graduation. However, the 80 percent failure rate statistic that she hears all the time has her concerned. Based on recent research evidence, what should you tell her?

Select one:

a.

That statistic is limited to the manufacturing companies.

b.

The failure rate is only four percent in the first year.

c.

She has an 18 percent chance of failure in the first eight years.

d.

That statistic applies only to the high-tech businesses.

e.

She has at least a 28 percent chance of success in the first three years.