Right on John!The statistics don't really surprise me because its commonly accepted that most people fail at starting a business or so it seems.
However, this was a good prompt to think out 5 years. Its kind of scary doing this but I think one thing having the 5 year plan does it can solidify the commitment. And, I think commitment is something that can be used to remain strong.
At first my 5 year plan (in my head) was something like this:
Buy startup equipment > pay off startup equipment year 1 (under $10K) > do com/res days not watching kids > build credibility and reviews > continue to work around families schedule > save CASH > Buy home > continue business if desired or do something else
Now my 5 year (on paper) is like this (abbreviated):
Start with carpet cleaning and adding services like carpet / color repair and hard surface cleaning and later moving into restoration and power washing and either hiring someone to train and develop and run the truck or have them run a second truck. Eventually working more on the business vs in the business. More of a commitment to creating a real business that grows into a larger service provider.