STATISTICS OF SMALL BUSINESS FAILURE

May 2, 2022Nearly 1 in 5 U.S. businesses fail within the first year, according to the latest data from the U.S. Bureau of Labor Statistics (BLS).⁽¹⁾ …

Jan 3, 2021According to data from the Bureau of Labor Statistics, as reported by Fundera, approximately 20 percent of small businesses fail within the ⁽²⁾ …

Top 6 Reasons New Businesses Fail – Investopedia

According to the U.S. Bureau of Labor Statistics (BLS), this isn’t necessarily true. Data from the BLS shows that approximately 20% of new businesses fail ⁽³⁾ …

Oct 25, 2018However, from there the number falls sharply. Only about half of small businesses survive passed the five-year mark, ranging from 45.4% to 51% ⁽⁴⁾ …

Small Business Failure Statistics to Know in 2022 – Fortunly

Jan 18, 2022Why Do Small Businesses Fail? · The most common reason small businesses fail is that the market simply doesn’t need their product or service. · 29 ⁽⁵⁾ …

Feb 4, 2022Examining What Percentage of Small Businesses Fail · Roughly 20% of small businesses fail within the first year. · Roughly 33% of small businesses ⁽⁶⁾ …

4 days agoSmall Business Failure Rate Over Time · For a business in its first year of operation, the failure rate is 21.9% · For a business in its second ⁽⁷⁾ …