Business Survival Rates
February 8, 2008
Could it be possible that modern start-up businesses are less likely to fail than their predecessors? Are the Internet and other digital aids contributing to this trend? Are business conditions improving or is capital more organised and available? Do survival rates dramatically vary between countries or region and, if so, why?
Great questions… just wish I had a few more answers. I’ve gathered some interesting statistics though and the data indicates a positive trend. Importantly, it also points out why some ventures end up as wreckage along the edge of the Highway of Commerce.
I hope the following data provides food for thought and, as always, I’m keen to hear from you if you can enlighten us with answers or insights. First some data on what may be causing these calamities and then some stats on what may be trend changes.
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