Studies by Phillips and Kirchhoff, and by Headd, found that one-half of new firms or new employers were still in existence after four years of operation.

Name: Studies by Phillips and Kirchhoff, and by Headd, found that one-half of new firms or new employers were still in existence after four years of operation.
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Both studies by Phillips and Kirchhoff, and by Headd, found that approximately 50% of new firms or employers survive beyond four years.

Studies by Phillips and Kirchhoff, and by Headd, Found That