STATISTICS ON SMALL BUSINESS SUCCESS RATES

Here are the top expert answers (with references) for statistics on small business success rates based on our research:

The Percentage of Businesses That Fail – LendingTree

… 2 Nearly 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⁾ …

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

… 3 According to data from the Bureau of Labor Statistics as reported by Fundera approximately 20 percent of small businesses fail within the ⁽⁴⁾ …

Top Reasons For Small Business Success and Failure Rates

… Small Business Failure Rate / Success Rate According to the U.S. Bureau of Labor Statistics 21.7% of startup businesses fail their first year of operation.⁽⁵⁾ …

… 4 Small Business Failure Rate by Industry Health care and social assistance are the best industries for small business survival. 85% of ⁽⁶⁾ …

Small Business Failure Statistics to Know in 2022 – Fortunly

… 18 Statistics on Small Business Failure · Only 78.5% of small businesses survive their first year. · The small business failure rate has declined by ⁽⁷⁾ …

… 1 Small business stats show that most businesses in America have fewer than 500 employees. Breaking this down further we see that there are ⁽⁸⁾ …