Small Business Mortality Rate




Entrepreneurship
Knowledge Center

Translate

Forum
1
Bill Carter
Business Consultant, United States

Small Business Mortality Rate

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...
 

Rating

 
1
James Roberts, United States
 

Small Business Mortality Rate

I have started new businesses from the ground up from the age of 15 in 1975. This statistic has been... Sign up

 
8
Dr zahra gheidar
Consultant, Iran
 

Plan the Business ⇒ Start the Business ⇒ Improve the Plan

More than one year passed from launching our small business. We experienced a lot of unpredictable e... Sign up

 
1
Sunday ELKANA (koachkonsult)
Manager, Nigeria
 

Decreasing Small Business' Mortality Rate

When small businesses are down the road, say after 3 to 4 years should, they should as a matter of b... Sign up

 
1
Peter Gibbins
Coach, Australia
 

Good Business Plan is Mandatory for Business Survival

Small business often starts with an enthusiastic idea that passes the 'feels good' test. There is cu... Sign up

   

More on Entrepreneurship:
Summary
Discussion Topics
What is the Contribution Entrepreneurs are Making to the Economy?
🔥The Four Models of Corporate Entrepreneurship
Bricolage Theory of Entrepreneurship / Innovation
Types of Social Enterprises Models
Typical Traits and Behavior of Entrepreneurs
A Startup Company in Multiple Industries?
Ten Commandments for Intrapreneurs
Why it is So Hard to Share with Businessmen?
How Entrepreneurs Reason and Make Decisions
The 7 Ms of the Entrepreneur
Ecopreneurship Challenges
Publish your Research in Entrepreneurship
What Exactly is Entrepreneurial Spirit?
Average Age of Entrepreneurs
Entrepreneurial Blitzkrieg as Solution to High Unemployment
How to Trigger / Ignite Entrepreneurship?
When should a Firm Engage in Social Business?
Common Risks in Entrepreneurial Companies
Starting a Company Aimed at Young People
What Type of Entrepreneur are You?
👀Small Business Mortality Rate
Steps to Become Self-Employed?
Special Interest Group

Do you know a lot about Entrepreneurship? Become our SIG Leader

Entrepreneurship
Knowledge Center



About 12manage | Advertising | Link to us / Cite us | Privacy | Suggestions | Terms of Service
2023 12manage - The Executive Fast Track. V16.1 - Last updated: 25-3-2023. All names of their owners.