Cm

Life spans of small businesses

By samfacer
  • Start of business

    Start of business

  • 85 percent of businesses make it through the first year

    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