Business Survival Rates

survivalCould 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 come across 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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About Mark Toohey

Mark Toohey is an experienced commercial lawyer who has worked with both major law firms and as general counsel in the media, telecommunications, software and IT industries. He has been a lawyer, company director, marketing director, company secretary and entrepreneur. Mark's commercial experience extends way beyond the theoretical. He has helped launch a number of start-up businesses and his hands on experience was gained from negotiating and documenting deals for a wide variety of business initiatives.