Would the typical entrepreneur be better off as an employee?

Starting a business is easy? Actually it isn’t, and most people who begin the process of starting a company fail to get one up and running. Seven years after beginning the process of starting a business, only one-third of people have a new company with positive cash flow greater than the salary and expenses of the owner for more than three consecutive months.

Don’t worry [entrepreneurs], you are the exception; none of these rules [that successful entrepreneurs follow] apply to your business.

...many entrepreneurs take plenty of risks — but those are generally the failed entrepreneurs, not the success stories. The failures violate all kinds of established principles of new-business formation. ... Writing a business plan is a must... Taking over an existing business is always the best bet... sell[ing] to other businesses [rather than consumers is better]... The list goes on... ...a good many of these risks reflect a lack of preparation or foresight.