The latest statistics from the Small Business Administration (SBA) show that "two-thirds of new employer establishments survive at lease two years, and 44 percent survive at least four years." This is a far cry from the previous long-held belief that 50 percent of businesses fail in the first year and 95 percent fail within five years.
Source: The Seven Pitfalls of Business Failure. See the following link
http://www.businessknowhow.com/startup/business-failure.htm
Tuesday, June 8, 2010
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