Almost one-third of small businesses that have employees go out of business within the first two years.

Name: Almost one-third of small businesses that have employees go out of business within the first two years.
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Question

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According to data from the U.S. Bureau of Labor Statistics, about 20% of small businesses fail within the first year, and approximately 33% fail within the first two years, indicating that almost one-third of small businesses with employees do indeed go out of business within this timeframe.

Almost One-Third of Small Businesses That Have Employees Go Out