1 year, 5 months ago
via startupsanswers.com
What is the average life span of a startup?
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M$1 Answer
According to statistics about two-thirds of small businesses make it past the first two years while only 44% make it beyond four years. A company who has made it through five years of business is doing pretty good but can still fold dependant on the type of business, the economy and how well it is keeping up with the times. There are certain industries that are much more risky and seem to close sooner than others. These are the industries that many times have the most competition or costs involved. Transportation is risky because of the high insurance rates and gas costs. Those who start apparel businesses must keep up with the hottest fashions or risk losing. Opening a restaurant or bar can cost a whole lot to get up and running and without a good customer clientele will not be able to afford the costs of operating. When thinking about starting a business, it is best to do a lot of research on the type of business and the area.
http://www.msnbc.msn.com/id/16872553/
http://www.mothering.com/community/forum/thread/691576/average-life-span-of-a-business
http://www.msnbc.msn.com/id/16872553/
http://www.mothering.com/community/forum/thread/691576/average-life-span-of-a-business
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