Back in 2008, I wrote a post on start-up survival rates that has proved to be very popular. Because that post was based on the 1992 cohort of new companies, many people have asked me if the numbers are true for today’s start-ups. Roughly speaking, the answer is yes.
But don’t take my word for it. Look at what the U.S. government data show. In the chart below, I present the latest available numbers from the two government statistical agencies responsible for providing data about new businesses: The Census Bureau and the Bureau of Labor Statistics (BLS).
The chart includes both new establishments, which the BLS defines as new economic entities doing business at a particular location, and new firms, which it defines as new companies. While new firms may have more than one establishment and new establishments may be started by existing companies, researchers have found that the number of new firms and the number of new establishments are similar.
To read the full, original article click on this link: Start Up Failure Rates: The Definitive Numbers | Small Business Trends
