What is the Failure Rate of New Businesses in Their First Year of Operation?
Oct 21, 2019 by Bob Voss in failure rate, first year, Proof Plan, business planning
Over the last eight years I have presented over 550 times a free seminar at Workforce Centers called “How to Start a Successful Small Business.” In these seminars I always ask what the participants think the failure rate is for businesses in their first 12 months of operation. Usually the answers range from a high of 90% to a low of 20%. So what is the real answer? First off, if you Google “failure rates of new businesses” there are over 67 million responses. When looking at the first ten pages you f... [continue reading]