Posted on Wednesday, 10th June 2009 by admin
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I started a new business in 2006 and it was successful. I was wondering how lucky that I have been.
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I started a new business in 2006 and it was successful. I was wondering how lucky that I have been.
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Tags: Business Failures, New Business, United States
Posted in Small Business | Comments (5)
June 11th, 2009 at 9:04 pm
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75% of new business fail in the united states. The usually fail with in the frist 18 months because of poor financial planning
June 14th, 2009 at 12:49 am
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The failure rate is 80% within two years.
June 15th, 2009 at 10:27 am
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what was your business? I wish I could start my own business, instead of working for some company
June 15th, 2009 at 10:24 pm
I had business managment class and from what I remember its close to 75%. Not sure if thats excact as it was a couple of years ago, but the percent is high. If you plan on starting a business, I would do it while you are young and dont have anybody to support. If you go brankrupt and lose everything, yeah that would suck, but you can simply move on. If you were to have kids and a wife, then go bankrupt and lose everything, you would be totally screwed.
June 17th, 2009 at 7:37 am
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The statistics I have read are : 90% of all business will fail within the first 5 years.
Then in the next five years 90% of that little 10% success rate will fail.
So if last 5 years consider yourself fortunate… If you last the second 5 years then you are obviously doing something RIGHT !!