I started a new business in 2006 and it was successful. I was wondering how lucky that I have been.
2006-11-16 04:32:58 · 5 answers · asked by Anonymous in Business & Finance ➔ Small Business
75% of new business fail in the united states. The usually fail with in the frist 18 months because of poor financial planning
2006-11-16 04:34:29 · answer #1 · answered by Anonymous · 0⤊ 0⤋
The statistics I have read are : 90% of all business will fail within the first 5 years.
Then in the next five years 90% of that little 10% success rate will fail.
So if last 5 years consider yourself fortunate... If you last the second 5 years then you are obviously doing something RIGHT !!
2006-11-16 05:13:13 · answer #2 · answered by Kitty 6 · 0⤊ 0⤋
I had business managment class and from what I remember its close to 75%. Not sure if thats excact as it was a couple of years ago, but the percent is high. If you plan on starting a business, I would do it while you are young and dont have anybody to support. If you go brankrupt and lose everything, yeah that would suck, but you can simply move on. If you were to have kids and a wife, then go bankrupt and lose everything, you would be totally screwed.
2006-11-16 04:37:41 · answer #3 · answered by Anonymous · 0⤊ 0⤋
what was your business? I wish I could start my own business, instead of working for some company
2006-11-16 04:34:57 · answer #4 · answered by Stephen R 3 · 0⤊ 0⤋
The failure rate is 80% within two years.
2006-11-16 04:34:39 · answer #5 · answered by no_butches 1 · 0⤊ 0⤋