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What Percentage of Small Businesses Fail?
[fundera] - 20% of small businesses fail in their first year, 30% of small business fail in their second year, and 50% of small businesses fail after five years in business. Finally, 70% of small business owners fail in their 10th year in business....And these rates are consistent over time. This suggests, surprisingly, that year-over-year economic factors don’t have much of an impact on how many U.S. small businesses survive. The takeaway here is that you can pretty much bet on a 80%, 70%, 50%, and 30% survival rate across one, two, five, and 10 years in business‐no matter the year. It's Darwin all the way. The competition for an economic niche with limited carrying capacity with other businesses. Posted by: g(r)omgoru 2020-03-26 |
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