-
Start of business
-
85 percent of businesses make it through the first year
85 percent of businesses make it through the first year -
Another 15% fail, just 70% survive the first two years
70% of businesses survive the first two years -
62% of business are still going after 3 years
62% of business are still going after 3 years -
After 4 years 55% are still going
Businesses that are still running after 3 years have a much better chance of continuing long term. After 4 years 55% are still going, just 7% less than those still going after 3. -
Half of all small businesses last half a decade
55% still going after half a decade -
Year 6, 47%
47% -
Year 7, 44%, down 3%
44% -
Down to 41% in Y8, there also 3% drops in years 9 and 10
41%, and down 3% more in Years 9 and 10
