According to StatisticsBrain, 25% of all businesses fail in their first year. But the failure rate for startups varies considerably by industry. While 59% of those in the real estate industry are still in business after 4 years, only 37% of those in the information industry is still in business after that time. The major cause of failure: incompetence of the owners. West’s InterCall Solutions suggests digital connectivity can improve the chances for growth.
Barbara Weltman
Big Ideas for Small Business, Inc.
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