Small Business Mortality Rate


 
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Small Business Mortality Rate
Bill Carter, Business Consultant, United States, Member
State, local and federal government resources are expended each year to encourage entrepreneurship and small business start ups...
85% of all US jobs are created through small business.
However, almost every year the SBA, in its Annual Report to the President, states that for every 10 new businesses that start up each year, 6-7 will not be around in 4-5 years and another 1 or 2 will disappear during year 6 or 7. (This would say we have a pretty consistent and chronic annual "Job Loss" statistic to go along with the often sighted "annual job creation" statistic).
There are many books and articles written every year explaining the top 10 "reasons why businesses fail" but there seems to be a "timing" factor at play here. Something fairly consistent seems to be happening relatively soon after start up according to the SBA's annual report.
What's is going on here? Seems we have an alarming and chronic "small business infant mortality" rate......Sign up
 

 
Small Business Mortality Rate
James Roberts
I have started new businesses from the ground up from the age of 15 in 1975. This statistic has been around longer than I have and the top reasons why...Sign up
 

 
Plan the Business ⇒ Start the Business ⇒ Improve the Plan
Dr zahra gheidar, Consultant, Iran, Member
More than one year passed from launching our small business. We experienced a lot of unpredictable events. Our costs tripled because of inflation. Our...Sign up
 

 
Decreasing Small Business' Mortality Rate
Sunday ELKANA (koachkonsult), Manager, Nigeria, Member
When small businesses are down the road, say after 3 to 4 years should, they should as a matter of business policy review their start-up structures.
 

 
Good Business Plan is Mandatory for Business Survival
Peter Gibbins, Coach, Australia, Member
Small business often starts with an enthusiastic idea that passes the 'feels good' test. There is cursory planning focused on the doing and little foc...Sign up
 

 
 


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