The failure rate of new businesses is very high, about 80-90 percent within the first two years.

Name: The failure rate of new businesses is very high, about 80-90 percent within the first two years.
Brand: Quizplus
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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 failure rate is not as high as 80-90% within the first two years.

The Failure Rate of New Businesses Is Very High, About