Conventional wisdom reports that 56 percent of all small businesses fail in their first four years of operation.

Name: Conventional wisdom reports that 56 percent of all small businesses fail in their first four years of operation.
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This is a commonly cited statistic, but the actual failure rate varies depending on the industry and other factors. Some sources suggest that the true failure rate may be closer to 20 percent in the first year, and around 50 percent by year five.

Conventional Wisdom Reports That 56 Percent of All Small Businesses