turns out that after you adjust for statistical margin of error, an entrepreneur who’d failed in a previous venture was not likely to do better than someone who’d never run a business in her life. Expecting to be suddenly great at business after running one into the ground is akin to losing the first basketball game you ever played and expecting to win the next game because you lost the first one. According to the study, successful entrepreneurs, on the other hand, are 50 percent more likely to succeed in a second venture. The more you win, the more likely you are to win again.
