Half of all new business ventures and start-up companies fail within their first two years.

Question

Quizplus · Accepted Answer

According to data from the U.S. Bureau of Labor Statistics, about 20% of new businesses fail during the first two years of being open, 45% during the first five years, and 65% during the first 10 years. Therefore, the statement is approximately true, as nearly half of all new businesses do not survive past their first five years, indicating a high failure rate within the initial years.

Half of All New Business Ventures and Start-Up Companies Fail