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Barbara Weltman

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Startup Business Failure Rate

August 14, 2017 / By Barbara Weltman

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.

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Small business ideas, business tax news and small business consulting from Barbara Weltman to provide business owners with the information they need to succeed. Visit our small business blog, Idea of The Day®, small business books and articles on small business taxes, small business finance and small business legal advice.

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