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What is the outcome for the 3% who never give up, as per the statement?

a) They quit too soon and join the 97%
b) They struggle to succeed
c) They remain persistent and employ others
d) They face numerous setbacks

1 Answer

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Final answer:

The outcome for the 3% who never give up, as suggested by the statement, most closely aligns with option (c): They remain persistent and employ others.

Step-by-step explanation:

This choice reflects the tenacity and resilience required to overcome the challenges of running a successful business. Considering that a significant number of businesses fail, the persistence of the few leads them to not only succeed but also create opportunities for others by employing them. The data from the U.S. Small Business Administration shows a close balance between firm entries and exits, with a high proportion involving small businesses. This indicates the competitive nature of the market and the importance of determination in achieving success.

Opting for success and working earnestly towards it can increase one's chances of success. Starting sooner rather than later can maximize these chances, as any delay might contribute to failure. The path to success is fraught with obstacles, but the determination to face and overcome these setbacks can distinguish the successful minority from the majority who may eventually cease their business operations.

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