This quote is a clever play on the common statistic that nine out of ten businesses fail. The speaker is taking a humorous, yet strategic approach to this daunting reality by suggesting that if one were to start ten businesses, at least one is bound to succeed given the odds. It’s a demonstration of resilience and creative problem-solving.

The idea behind this quote is not just about starting multiple businesses, but it also speaks to the concept of diversification. In the world of finance and investment, diversification is a risk management strategy that involves spreading investments among various financial instruments or businesses to potentially maximize return and reduce risk. In essence, don’t put all your eggs in one basket.

Applying this to today’s world, it suggests that entrepreneurs should not be discouraged by failures but instead view them as stepping stones to eventual success. It also encourages risk-taking, innovation, and resilience in the face of failure. This idea can be applied to personal development as well. It’s about trying different things, exploring various paths, and not being afraid to fail. Each failure is a learning opportunity that brings you one step closer to success.

In a broader sense, it can also be interpreted as a commentary on the power of persistence and the importance of maintaining a positive mindset. Rather than being discouraged by the high failure rate of businesses, the speaker chooses to view it as an opportunity, hence coming up with a “foolproof plan”. This shows how a change in perspective can turn a negative situation into a positive one.

This quote can inspire individuals to be persistent in their pursuits and to maintain a positive, resilient mindset in the face of adversity. It’s a reminder that failure is not the end, but rather a part of the journey to success.